Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

U.S. says taxpayers must file returns by July 15 or request extension

Published 06/29/2020, 07:03 PM
Updated 06/29/2020, 08:00 PM
© Reuters.

WASHINGTON (Reuters) - U.S. taxpayers must file their 2019 tax returns by July 15 or file for an automatic extension to Oct. 15, the Treasury Department said on Monday.

Treasury opted against a second postponement of the deadline officials had said they were considering because of the coronavirus pandemic.

Federal income taxes are normally due by April 15, but the deadline was delayed this year by three months due to the pandemic, which has pushed the U.S. economy into recession and thrown millions of people out of work.

President Donald Trump said in May that actions such as a second postponement of the tax deadline "could happen" as part of the administration's efforts to combat the economic effects of the coronavirus.

As recently as last week, Treasury Secretary Steven Mnuchin said he would consider further delaying the tax filing deadline.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.