Tax day might be coming a bit later than usual this year.
The Trump administration will likely extend this year's April 15 tax filing deadline because of the COVID-19 coronavirus outbreak, The Wall Street Journal reports.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The New York Times is reporting the same, saying the Internal Revenue Service could "extend the tax payment deadline or waive penalties and interest for late payments." House Ways and Means Committee Democrats had previously inquired with the IRS over whether such a move would be necessary, writing that they were "concerned" about "the ability of taxpayers, free tax preparation sites, and tax professionals to meet the filing deadline," the Times notes.
This report comes after President Trump reportedly pitched a 0 percent payroll tax rate for employees and employers through the end of the year.
-
Britain's giant rat problemRising infestation reports and increased sightings of oversized rats have caused concerns about waste management in some areas
-
The Week Unwrapped: Has Donald Trump secured his Nobel Peace Prize?Podcast Plus, what does the use of North Korean and Indian labour tell us about the Russian war economy? And why have we all gone crazy for pickles?
-
Hurricanes are not exclusive to Earth. They can happen in space.Under the radar These storms may cause navigational problems
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
