What is covered in this announcement?
What isn’t covered by the deferment?
Q: Why did the government make this move?
A: The delay is intended to keep $300 billion at play in the economy during this uncertain
time.
Q: What does this mean for me?
A: Americans expecting a refund are encouraged to file promptly to receive their refund as
soon as possible. Reasons to take advantage of the extended deadline include:
Q: If I take advantage of the extension, will I pay a price?
A: No, you will not be subject to interest or penalty if you delay your federal filing through
July 15.
Q: I’ve heard stimulus checks may be coming. Do I need to get my return filed to receive one?
A: No, stimulus checks will be based on your 2018 tax return that was filed in 2019.
Q: Does the extension apply to federal and state taxes?
A: No, individual states are not mandated to extend filing deadlines. You can see the latest tax return relief efforts for your state in this resource from the AICPA.
Q: I usually file my own tax return. Do I need to hire a professional this year?
A: Some reasons you might want professional help this year: