The Tax Deadline Has Been Extended. Should You Wait to File?
In response to the extreme societal disruption caused by the COVID-19 pandemic, the Internal Revenue Service announced on March 18 that it was extending the tax payment deadline from April 15 to July 15. In a follow-up social media announcement, it confirmed that taxpayers and businesses would have until this new deadline to file their tax returns as well as pay any outstanding bills.
For those who haven't yet filed their taxes, that raises the question: Should you file your tax return now, or should you take advantage of this extra time and wait to file your return until July? The answer depends largely on whether you expect a tax refund or not.
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Source Fool.com
