IRS Extends Tax Deadline to May

IRS Extends Tax Deadline to May

( – While taxes are inevitable, it seems this year, Americans get to push them off just a bit. After facing mounting pressure from tax professionals, the Internal Revenue Service (IRS) announced it will push the usual April 15 tax deadline back, giving many people much-needed relief.

On Wednesday, March 17, the IRS officially announced the change:

This year’s tax season is one of the messiest, as the IRS is still dealing with a backlog of physically-submitted tax returns from previous years. In addition, the recently-passed American Rescue Plan eliminated taxes on the first $10,200 of unemployment income for Americans making under $150,000 a year. Tax software and professionals need time to catch up with all the changes in order to file taxes correctly.

So, Americans now have an extra month to get their federal tax return in order, but citizens should check in with their individual states, as those tax deadlines may not change. If you’re expecting a large return, feel free to file early. But, for many hard-pressed citizens, this extra time to pay taxes can be a lifesaver.

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