19 Things To Know About the New Tax DeadlineAnchin in the NewsMay 4, 2020
The New Deadline Gives You 3 Extra Months To Make Use of Any Money That You Owe
If you owe the IRS money, you now have extra time to use that money as you see fit.
“The additional three months would provide the time to invest or use that money for other needs,” said Marc Wieder, co-leader of the real estate group at the accounting firm Anchin, Block & Anchin. “However, be sure that before July 15, you have the money that you might owe.”
Tax Refunds Should Still Be Received Within 90 Days of Filing
The earlier you file, the earlier you will receive your refund — but the timeframe for receiving that refund will likely remain the same.
“The IRS usually will issue refunds within 90 days of receiving a tax return,” Wieder said. “Assuming this doesn’t change by filing earlier than July, you would get your refund earlier.”
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