The Inner Income Service has issued steering filling in lots of particulars of the historic delay on this 12 months’s tax-filing and cost deadlines, which have been prolonged to July 15 from April 15 for a lot of taxpayers because of the coronavirus pandemic.
Amongst different issues, the company has clarified that the deadline for making Particular person Retirement Account and Roth IRA contributions is now July 15; that returns with computerized submitting extensions are nonetheless due Oct. 15; and that there are methods for filers to delay computerized tax funds they beforehand scheduled for April 15.
The IRS’s bare-bones announcement last week left many questions unanswered till now. Right here’s what to know concerning the new deadlines.
Do I’ve to be sick from the coronavirus or quarantined to make use of the brand new deadlines?