Those who cannot file their taxes by April 15 have a 90-day penalty free and interest free grace period to file.
Those who can file their taxes should do so immediately, so they can receive any refunds owed to them by the federal government. Filing online is the quickest way to receive a refund. The IRS website states that those who file online on average receive a refund within 21 days of filing via a direct deposit.
There is also a large $1 trillion dollar package Mnuchin has proposed to Republicans meant to relieve Americans during the pandemic, which includes the possibility of"sending checks to Americans immediately," though Mnuchin would not specify an amount for those checks during Tuesday's briefing.
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