July 15 is the new April 15 for those who still have not filed a tax return. Here is what you need to know as the date approaches.
The IRS has ended up processing 11.4% fewer returns through June 19 than at the same time last year. Many IRS operations, including mail facilities, were shut down for some time due to the pandemic.
In addition, many people have been caught in a cycle of having to verify their IDs with the IRS to avoid refund fraud. Some could easily have done their taxes via TurboTax or some other software; they just decided to delay everything as long as possible. For a short time, some buzz had built that maybe the procrastinators would get another break. But on June 29, the Department of Treasury and the IRS announced that the tax filing and payment deadline of July 15 will not be postponed.
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