Released: July 11, 2020

The July 15 tax deadline is almost here. Here’s what to know.

Source: Michelle Singelary, Washington Post (Paid Registration)

In March, the Treasury Department extended the April 15 tax deadline to July 15. The agency also launched its coronavirus-related debt relief initiative, which allowed people facing financial hardship to postpone payments related to installment agreements and Offers in Compromise, or OIC, a program in which taxpayers can settle their tax debt for less than the full amount owed.

While the July 15 tax deadline is almost here, the good news is that the IRS says it has refunds worth $1.5 billion just waiting to be claimed.

 

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