On Friday morning , less than a month before the American tax filing deadline ofApril 15 , treasury secretary Steve Mnuchin announce via Twitter that Tax Day will be pushed back by three months — to July 15 , 2020 — in edict to permit individuals and business organization manage with the physical , financial , and logistic recoil of thecoronaviruspandemic some extra clip to get their financial matters in order .
While the date change give to all American someone , line of work , and organizations — and no involvement or penalization will accrue during this time — Mnuchin , in a second tweet , did suggest that anyone who has complete their taxes submit them now " to get your money . "
No further item were render , though we ’re certain a more detailed statement will be coming as , at the meter of issue , even theIRS ’s website still noted April 15 as the deadline .
In 1861 , PresidentAbraham Lincolncreated the first income revenue enhancement as a way to cover Civil War expense . Calculating what you owed was a lot sluttish back then : It was a 3 per centum prostrate tax on all income above $ 800 . But it was n’t until 1913 , with the passage of the 16th Amendment , that Congress formalize a nationwide income tax . earlier , Tax Day was March 1 ; a few year later , it was pushed back to March 15 .
In 1955 , alteration to the tax code moved the appointment back again to April 15 , though there have been some exceptions . In 2016 , 2017 , and 2018 , Americans got a few extra day to file becauseTax Daycannot fall on a Saturday , Sunday , or sound vacation . But why did it move from March 1 in the first place ? The IRS claims it needed more prison term to process return key , but tax expert believe that an increment in refund for the middle course think the agency want to defy onto its money longer and take in pastime .
