The effects of the COVID-19 virus, real or perceived, have been used to push major changes to American life. One of those pertains to taxes, as the IRS has extended the tax filing deadline to July 15th the Wall Street Journal reports.
The U.S. is extending the April 15 tax-filing deadline to July 15, giving people more time to prepare and pay their taxes during the coronavirus outbreak, Treasury Secretary Steven Mnuchin said Friday.
“All taxpayers and businesses will have this additional time to file and make payments without interest or penalties,” Mr. Mnuchin said on Twitter.(source)
If the government will delay collecting taxes- something that she is very emphatic about -how many more areas of life will be affected by this? Schools are already closed and so are many businesses. The question remains, how much longer can this go on.
As the year goes on and summer approaches, it will be very interesting to see how people interact, such as on vacations, parties, outings, entertainment, and other things.
Perhaps the greatest thing that one can take away from this is not only that life is fragile as we know it, but that now is the time to work harder than ever because the amount of work and money that one is paid for work is disappearing. The season of the country seems to be changing, and a lot of people are going to be severely affected by it.
Don’t be caught unprepared.