IRS Not Extending July 15 Tax Deadline
The Department of Treasury and IRS has announced the July 15 tax-filing and payment deadline will not be extended a second time due to the coronavirus pandemic. The IRS originally extended the April 15 deadline as a result of the pandemic. However, individuals taxpayers unable to meet the July 15 due date can request an automatic extension of time to file until Oct. 15.
To obtain the automatic extension to Oct. 15, taxpayers filing Form 1040 series returns must file Form 49868 by July 15. The extension provides additional time to file the tax return — it is not an extension to pay any taxes due.
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Latest Economic News
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Mortgage Activity Levels Off in April as Rates IncreaseMortgage loan applications saw little change in April, as refinancing activity decreased. The Market Composite Index, which measures mortgage loan application volume based on the Mortgage Bankers Association (MBA) weekly survey, experienced a 0.4% month-over month increase on a seasonally adjusted (SA) basis. However, year-over-year, the index is up 29.3% compared to April 2024.
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