Mt_Rider Posted March 21, 2020 Share Posted March 21, 2020 (edited) Just a clarification since we were talking about taxes being put off until July 15th. You have to still FILE taxes by April 15th....but can defer paying anything owed til July. https://finance.yahoo.com/news/trump-is-delaying-tax-payments-but-you-still-have-to-file-by-april-15-163423133.html Some of you probably already understood this. I just figured it out tho DH was already finishing ours off this morning. This is why HE does them....me and numbers, y'know. SERIOUSLY FOLKS....CHECK FOR YOURSELF. There is a lot of confusing messages on this! MtRider Edited March 22, 2020 by Mt_Rider more data...conflicting... 2 1 Quote Link to comment
Mother Posted March 21, 2020 Share Posted March 21, 2020 When all else fails go to the source.. I just went to the Internal Recenue Service web site and this is what I found. WASHINGTON — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020 There is also info about tax changes there in case anyone is interested. 3 Quote Link to comment
Mt_Rider Posted March 22, 2020 Author Share Posted March 22, 2020 (edited) REALLY? Sheeesh, thanks Mother. But...... They'd better clear that up....VERY CLEAR. Only the headline was clear...and wrong?: =-=-=-=-=-=-=-=-= “If you owe a payment to the IRS, you can defer up to $1 million as an individual,” said Treasury Secretary Steve Mnuchin, adding that the payments would be “interest free and penalty free for 90 days.” “All you have to do is file your taxes; you’ll automatically not get charged interest in penalties,” Mnuchin said during a coronavirus briefing with President Trump looking on.?" =-=-=-=-=-=-=-=-=- Texas Congressman Kevin Brady, the ranking Republican on the House Ways and Means Committee, made that clear in a press release: “Taxpayers should file by April 15 as normal and the deferral will be applied automatically.” =-=-=-=-=-=-=-=-=-=- On Monday, Congressman Tom Suozzi, a Democrat who represents parts of Long Island and Queens, followed up in a statement. “I am now calling on the Treasury Secretary Mnuchin and IRS Commissioner Rettig to extend the deadline to file tax returns,” they added, saying we need to ensure financial security “by giving people the extra resources they need during this difficult time.” =-=-=-=-=-=-=-=-=-==- Yes, quite confusing. Anyway, DH sent ours today. All done and refund coming ....eventually. MtRider Edited March 22, 2020 by Mt_Rider Quote Link to comment
Littlesister Posted March 22, 2020 Share Posted March 22, 2020 Our taxes went out the end of last month and usually we are quick to get our refund. We are still waiting this time. Think it will be a while before we see any refunds coming. I could use that money now so I can add it to my emergency funds. Quote Link to comment
Mother Posted March 22, 2020 Share Posted March 22, 2020 You are welcome MtR. I only wish I could find something as direct for the Illinois tax due date. You need to have your federal taxes done before you file Illinois forms yet so far I can't find anything on the Illinois Internal Revenue site where it directly says that the date has also been changed. 1 Quote Link to comment
Mt_Rider Posted March 23, 2020 Author Share Posted March 23, 2020 Uh Oh.....I didn't think of that. State vs Fed returns. I finally told DD2 to just research it herself cuz too much contradiction was coming out. MtRider ....DH already filed ours so.... Quote Link to comment
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