“We are moving Tax Day from April 15 to July 15,” Treasury Secretary Steven Mnuchin announced on Twitter.
“At @realDonaldTrump’s direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties,” Mnuchin said in a pair of tweets.
“I encourage all taxpayers who may have tax refunds to file now to get your money.”
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The announcement follows one earlier this week that individuals and businesses would be allowed to delay paying their 2019 tax billsfor 90 days past the usual April 15 deadline.
Mnuchin said then that individuals would be able to delay paying up to $1 million in tax payments, while corporations would be able to defer payment on up to $10 million. Individuals and corporations would not be subject to interest or penalty payments during that period of time, Mnuchin said.
The delay is part of an effort to keep $300 billion in the economy while people and companies deal with the unprecedented financial impact caused by the coronavirus.
In its Wednesday announcement on the initial 90-day delay, the Internal Revenue Service cautioned that the delay applied only to federal income taxes, not state income taxes.
“Taxpayers also will need to file income tax returns in 42 states plus the District of Columbia,” the agency said on its website. “State filing and payment deadlines vary and are not always the same as the federal filing deadline. The IRS urges taxpayers to check with their state tax agencies for those details.”
The Treasury Department was expected to comment later Friday.
Our experts tell us that we will get though his . . . and, now we are told that the federal government, i.e. our politicians have mounted their white horses and the cash will be directly deposited into our checking accounts . . . now, digest this . . . $2,000 per household, if two are living together . . . average ordinary living expenses per month for two average is $2,500 . . . so, the $2,000 will last 3.2 weeks . . . now, States are literally closing down commerce, i.e. our jobs . . .and in return, we are doing to receive $1,000 each . . . what an indictment on our education system . . . now, these wizards believe that closing Main Street (notice Wall Street will be up and going) and suddenly once the experts say, “all is clear” open your doors and start serving up those orders and magically all is as it never happened is absolute nitwitery . . . now, short of being a conspiracy theorist (Nut) perhaps what we are witnessing is exactly what the Chinese Communist Party (CCP) delights in . . . they give a shit about their population dying and suffering and of course Trump’s policies have been devastating to their economy . . . which bold the question . . . our we really protecting the population as a whole or will the eventual cruel outweigh the unattended economic consequences . . . time will tell . . .
Why don’t we just burn the Constitution while we’re at it?
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