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IRS Planning To Delay April 15 Tax Deadline, Reports Say
For the second straight year, the Internal Revenue Service is expected to extend the tax deadline by at least a month, according to multiple reports.
Bloomberg, CNBC, the Wall Street Journal, and Washington Post all reported on Wednesday afternoon, March 17 that the IRS is expected to push the tax deadline until mid-May, not April 15, though no official statement has been made.
Tax season was delayed from the get-go as the IRS began to accept and process tax returns on Feb. 12, which was a two-week delay.
A filing extension would give taxpayers additional breathing room to meet their tax …
Covid-19: Tighter Relief Check Income Limits OK'd During Negotiations; Here Are New Cutoffs
President Joe Biden’s administration has reached an agreement to narrow the income eligibility of the next round of COVID-19 stimulus checks.
Under the new plan, anyone who individually earns more than $80,000 annually, or couples filing jointly earning more than $160,000 will be cut off from the checks under the revised plan.
The House version of the bill set income caps at $100,000 individually and $200,000 for couples.
Singles making between $80,000 and $100,000 and couples earning between $160,000 and $200,000 would be newly excluded from a partial benefit under the revised structure B…
