In a historic move, the Internal Revenue Service has pushed the April 15 tax-payment deadline to July 15 this year for many people who haven't paid their 2019 taxes.
Quite a lot has been going on:
Nevada County Property Taxes and COVID-19 | YubaNet
We want to stress that we do understand the impact that this virus is having on the economy, our constituents and our own families and want to assure everyone that we will do our best to work with those impacted, either physically or economically, by the COVID-19 crisis and who are unable to pay timely due to circumstances related to this crisis. As things are changing daily, the County website and social media sites will be kept up-todate for questions that everyone might have.
Attached is the Notice of Property Taxes Due that includes basic property tax dealines and ways to pay.
Feds extend tax payment deadline for 90 days; halt mortgage foreclosures for 60 days -
The federal government on Wednesday gave taxpayers an extra 90 days to pay their federal taxes and announced it won’t pursue foreclosures or evictions on government-guaranteed mortgages for at least 60 days.
The two measures are designed to help Americans facing financial hardships because of the coronavirus, but they apply to everyone.
The Internal Revenue Service officially gave all individuals an extra 90 days to pay up to $1 million in federal income taxes, which are normally due April 15, without penalties or interest. Corporations get an extra 90 days to pay up to $10 million.
How does an extra 90 days to pay taxes help Americans? - Marketplace
You still have to file your taxes by Wednesday, April 15, but if you owe money to the federal government, you don’t have to pay until mid-July.
Treasury Secretary Stephen Mnuchin announced this to keep an estimated $300 billion in liquidity circulating to counteract the economic drag of COVID-19. It’s a penalty-free, interest-free delay.
George Smith : The due date is still a hard due date at this time, as far as we know, but there is an extension of time to pay any tax obligations.
This may worth something:
4 Tax Deductions That Are Amazing For Homeowners
Tax season is here, but there is still time for homeowners to maximize their tax savings. Here are tips to help you reap home-related deductions.
For those lucky enough to own more than two properties, make sure to use the deductions from the property that will yield the largest tax deduction. People often assume that the biggest mortgage payment will produce the most significant tax deduction, but that is not always the case. Generally, more of your payment is applied to the principal, and less to interest, the longer you've had your mortgage.
Claiming Property Taxes on Your Tax Return - TheStreet
For example, Miami-Dade County in Florida requires taxpayers to use the fair market value of the property as the taxable value.
However, if you agree to pay the seller's delinquent taxes from an earlier year at the time you close the sale, you are not permitted to deduct them on your tax return. This payment must be treated as part of the cost of buying the home, rather than as a property tax deduction.
County council considering grace period for tax collection - News - Citizens' Voice
Small Mass. Restaurants Get Meals Tax Reprieve Until June 2020 - Eater Boston
Gov. Charlie Baker announced the emergency regulation on Wednesday, two days before a round of taxes is due
Some Massachusetts restaurants and bars are getting a bit of a reprieve in a time of financial uncertainty brought on by the novel coronavirus pandemic: Gov. Charlie Baker announced today that emergency regulations are being finalized this week to allow small businesses to push back payment of several taxes until June, including meals taxes.
Happening on Twitter
Also new from me: The IRS put out its official guidance on delaying tax payments until July 15. Guidance here:… https://t.co/Y2kyFmu7hJ RichardRubinDC (from Washington, DC) Wed Mar 18 19:22:47 +0000 2020
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