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3 new ways the IRS is giving taxpayer relief
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With some fanfare, the Treasury Department announced last week that the income tax filing day will be delayed from April 15 to July 15 for individuals and businesses.“All taxpayers and businesses will have this additional time to file and make payments without interest or penalties,” Treasury Secretary Steven Mnuchin tweeted at the time.This week, the IRS announced further measures to give taxpayers help as COVID-19 brings the American economy to a standstill."The IRS is taking extraordinary steps to help the people of our country," said IRS Commissioner Chuck Rettig in announcing the measures.The moves – in effect from April 1 to July 15 – are in addition to a series of measures in the $2 trillion economic stimulus package to “at least temporarily ease the tax burden,” mostly for businesses. That legislation is widely expected to become law in the coming days.Here are three of the highlights from the IRS actions announced this week.Read more >>slotxo
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