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Trump Moves Tax Day to July 15 Because of Coronavirus

 

Earlier today Treasury Secretary Steven Mnuchin tweeted Friday that President Trump has directed him to move Tax Day to July 15, giving taxpayers more time to file their taxes in the midst of the coronavirus pandemic.

All taxpayers and businesses will have this additional time to file and make payments without interest or penalties. No extensions will be needed.  

Earlier this week, the administration moved the payment deadline to July 15, but groups like the American Institute of CPAs, the National Society of Accountants and the National Conference of CPA Practitioners pointed out that wasn’t going far enough. Many taxpayers are dealing with the fallout from the COVID-19 pandemic and don’t have access to all their tax records. A group of senators introduced bipartisan legislation Thursday to push back the tax filing deadline.

Specific details and IRS guidance on the postponed deadlines are not immediately available. Presumably the State of MI will announce a similar extension as well. We will keep you posted as we learn more about this.  

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