The federal income tax filing due date for individuals for the last tax year will be automatically pushed back from April 15 to May 17 .
Furthermore, the IRS is set to release formal guidance on the proposed extension in the coming days.
Chuck Rettig, the IRS’ Commissioner, said: “This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers navigate the unusual circumstances related to the pandemic, while also working on important tax administration responsibilities.
“Even with the new deadline, we urge taxpayers to consider filing as soon as possible, especially those who are owed refunds.”
He added: “Filing electronically with direct deposit is the quickest way to get refunds, and it can help some taxpayers more quickly receive any remaining stimulus payments they may be entitled to.”