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Will the IRS Reverse Tax Day 2020? How the April 15 due date to file taxes might change


Would the IRS consider delaying tax day this year? A request has been made.

Sarah Tew / CNET

If you are concerned about getting your federal tax returns filed by the April 15 deadline, you may be in luck, as the IRS could grant a request to extend the filing date for a few months. A House of Representatives committee on Thursday referred the matter to the IRS that the filing deadline was automatically extended (without request an extension) would provide much-needed relief to the taxpayer from the financial consequences of the Covid-19 pandemicThe tax season is also shorter this year as it started on February 12th instead of the usual end of January.

Due to the coronavirus, which has caused widespread job losses and pushed millions into poverty, the IRS has moved the 2020 federal tax filing deadline to July 15, to give taxpayers extra time to file.

Extension this year deadline for tax returns can affect more than just your federal tax return. With tying by Congress missing incentive payments on this year’s tax forms, and in some cases with your income for 2020 to determine the amount of a third stimulus checkDelaying the federal tax return deadline can have a significant impact on your financial situation. Here’s what we know about this year’s tax day and how the rollback might affect you.

What exactly did Congress ask the IRS to do about this year’s tax term?

On Feb. 18, the House Ways and Means Committee sent a letter to the IRS urging the agency to delay the deadline for filing your tax returns from April 15 this year.

The letter did not suggest a specific new due date to file federal taxes, but it did point out that the IRS has moved the 2019 tax deadline by three months to July 15 due to the coronavirus. The commission urged the IRS to extend the tax filing season again this year, “to allay unnecessary fear of taxpayers and practitioners.”

The IRS has not publicly responded to the committee’s request. CNET has contacted the IRS for comment.

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Stimulus Check # 3: What You Need to Know


How would a new tax deadline affect the third stimulus check?

Since stimulus payments and your tax return has been completed this year, shifting the tax date would affect the third stimulus check

First, Congress is proposing to use the IRS information about your 2020 tax return, if processed, when it determines the amount you put into your third stimulus checkIn particular, the IRS would look into the AGI, or adjusted gross income, on your 2020 form to help calculate your payment, using a new stimulus check formulaBut the tax authorities would use your 2019 tax return if you had not yet submitted your 2020 tax return. This could work to your advantage if your income from 2019 was lower than your income from 2020. If your tax return for 2020 were to do so bring you a bigger third stimulus check, Like you have more dependents, you would like to file an application as soon as possible, so the IRS will process your taxes for 2020 before it is released your third stimulus check

Postponement of the tax term would do that gives you more time to archive, but then again, it would also mean you should wait longer to receive any missing incentive money, and if there is a difference between your 2019 and 2020 taxes, you should wait until tax season 2021 to claim it

What would a new tax deadline mean for your missing incentive money?

Your federal tax returns this year are also how you get back all the money the IRS owes you from the first two stimulus controlsIf you have not received payment or received less than you were eligible to receive, you can claim that money on your federal tax forms as a discount credit when you submit an application this year. This also applies to non-affiliates – those who normally do not have to file a tax return. If you wait to file your taxes closer to a new, later due date, so are you waiting to receive your money, which is bundled in your tax return


Congress tied your taxes and incentive check money together.

Sarah Tew / CNET

If the IRS is delaying the filing due date, could you delay paying your taxes too?

like you a tax extension, that gives you more time to fill out your paperwork and send it to the IRS. But that won’t get you off the hook for any taxes you owe. Whether it’s April 15th or a later date, the IRS expects you to pay within the filing deadline or you are also responsible for paying any interest accrued on the amount, plus a penalty for late payment.

Would your state’s expiration date also change?

Last year, all states that collect income taxes shifted their filing deadlines to about July 15, 2020, the federal tax deadline, according to the American Institute of CPAs. If the IRS postpones the filing deadline again this year, we expect states to follow suit.

For more details on taxes this year, we spell the difference between a tax refund and a tax return how the tax season will be different in 2021 and three reasons to sign up for direct deposit when you file your taxes.

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