Take a deep breath, because the Internal Revenue Service has given Americans an extra month to file their 2020 taxes.
The IRS is planning to push back tax filing from the usual April 15 to May 17, according to various media reports including Reuters and Bloomberg.
"This extension is absolutely necessary to give Americans some needed flexibility in a time of unprecedented crisis,” House Ways and Means Chair Richard Neal and Representative Bill Pascrell, head of the panel’s oversight subcommittee, said in a statement Wednesday to Bloomberg. “While we are pleased with this 30-day extension, we will continue to monitor developments during this hectic filing season.”
According to an earlier CNBC story on Wednesday, the IRS planned to push back the deadline by about a month, which would be May 15.
The new date comes after the recent passage of the $1.9 trillion American Rescue Plan, adding more work to the offices of the IRS and Treasury Department, tasked with sending out another round of stimulus checks, while at the same time processing returns and refunds.
With another round of stimulus now passed and some deposits already made, the Better Business Bureau is warning people of scammers after their money.
Previously, BBB Scam Tracker received numerous reports from people who scammers contacted through text message, email, and phone calls about their COVID-19 stimulus checks. BBB believes many of these same tactics may be used again.
“Consumer should watch out for an email or text messages instructing them to click a link to 'request benefit payments.' The link connects to an application prompting the entering of personal information in order to 'make sure you are getting all the payments owed to you,'" said Steve Bernas, president, and CEO of the Better Business Bureau serving Chicago and Northern Illinois.
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