The filing deadline for U.S. tax returns has been moved from April 15 to July 15, Treasury Secretary Steven Mnuchin announced Friday.
Mnuchin said he made the decision at President Trump's direction with the intention of giving people more time to pay tax penalties. Those who may have refunds are encouraged to file and claim that money now, Mnuchin added.
The pause comes as more and more Americans find themselves out of work as COVID-19 continues to spread and force business shutdowns, some of which will inevitably become permanent.
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.
-
China and Taiwan's war of words ahead of anniversary paradeUnder The Radar Neighbours both claim to have led the fighting during World War Two
-
Epstein files: Maxwell courts a pardonFeature A new prison transcript shows Ghislaine Maxwell praising Trump as 'a gentleman' while denying his involvement in the Epstein scandal
-
Pentagon readies military deployment in ChicagoFeature The Pentagon is preparing to deploy thousands of Illinois National Guard members to Chicago after Trump threatened to send troops into other major cities
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
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
