Taxes Are No Longer Due This Week -- but Here's Why You Should File Them Anyway
It's been an interesting tax-filing season, to say the least. Not only did the IRS open it up late, but the agency recently made the decision to delay the tax-filing deadline from April 15 (the standard deadline) to May 17.
A big reason for this change was that the recently signed American Rescue Plan -- the $1.9 trillion relief bill that paved the way for $1,400 stimulus checks -- includes a tax exemption for up to $10,200 of unemployment income. Because tax preparers needed time to account for this change, the IRS decided to push back the filing deadline, giving procrastinators everywhere a reason to celebrate.
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Source Fool.com