News not all bad: Tax Day now July 15
Forgot to do your taxes? Don’t worry, due to coronavirus, this year the Internal Revenue Service and New York state have extended the deadline to file by three months.
Tax day was scheduled for April 15, but will be July 15 this year.
The decision to change the date is meant to allow taxpayers to hold onto their money longer as the country enters a rough economic period.
Scott Boushie, an accountant at Boushie and Associates in Saranac Lake, said that those expecting a tax refund should still get their taxes done as soon as possible, so they know how much is coming back to them as they plan for the future.
“Taxpayers who are expecting refunds, they should still be filing as promptly as possible,” Boushie said. “Those refunds can be a big help during this period of time.”
Boushie said he expects his office to maintain regular hours and schedule, so he does not want people to take this as a reason to put off filing.
“I’m hoping that this isn’t going to create a large volume of procrastinators having a new excuse to not get things done timely,” Boushie said.
The filing date for sales tax paid by business owners was March 20, but the state has said it will forgive all penalties and interest charged for late filing.