Tax Deadline Could Be Pushed Back Again
In an interview Tuesday, Treasury Secretary Steven Mnuchin gave credence to the possibility that this year's tax filing deadline, which was postponed to July 15 due to the COVID-19 pandemic, might be pushed back still further.
To be clear, Mnuchin reiterated that as things stand now, July 15 will still be the last day for Americans to file their taxes on time or request an extension from the IRS. However, his comments show that there are genuine concerns that the economy, personal finance, and the pandemic may require the government to adjust. In states across the country, and particularly in the South and West, the numbers of newly diagnosed cases of COVID-19 have risen sharply to new highs over the course of the last two weeks. Despite major declines in states that were early hot spots, diagnoses in the U.S. overall have been on the rise, and on Tuesday, the daily diagnosis total was just shy of the country's previous worst daily total of the pandemic, which came on April 24.
One has to wonder how much of a contributing factor the pandemic's resurgence was to Mnuchin's suggestion that this year's tax deadline could be moved to Sept. 15.
Source Fool.com
