IRS Moves Tax-Filing-Day From April 15 To July 15, Mnuchin Says
The full-court-press efforts of the administration to assist Americans' and American businesses' cashflow continues with Treasury Secretary Steve Mnuchin confirming in a tweet this morning that the IRS will be moving 'Tax Day' back by 3 months...
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.
10:04 AM - Mar 20, 2020
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NOTE - this is the filing day, not just the payment day - which is a notably positive shift.
Mr. Mnuchin told reporters following testimony on Capitol Hill:
“That will have the impact of putting over $200 billion back into the economy, and that will create a very big stimulus.”