Speed Reads

coronavirus and taxes

Tax return filing date pushed to July 15

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.