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04.07.2020 16:50:00

Need More Time to File Your Taxes This Year? Here's What You Need to Know

When the COVID-19 crisis exploded back in March, the IRS was quick to realize that Americans did not have the capacity to deal with taxes at a time when the entire country was suddenly grappling with a pandemic. As such, it pushed the April 15 tax filing deadline back three months, giving the public until July 15 to submit their 2019 returns.Recently, the IRS toyed with the idea of extending the deadline even further, but the agency has ultimately settled on July 15, as announced months ago. But that may not be enough time for some people. If you were banking on that deadline being pushed back again, or you're dealing with a personal crisis (health-related, financial, or otherwise), then you may not be in a position to complete your tax return in the next week and a half. And if that's the case, you do have the option to request an extension. But if you're going to go that route, here's what you need to know.Image source: Getty Images.Continue reading
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