2 Democrats Push IRS to Extend 2021 Tax Filing Deadline to July 15
Are U.S. taxpayers about to receive another three-month extension of the IRS filing deadline? If two prominent lawmakers get their way, the answer will be yes.
On Monday, two Democratic members of the House Ways & Means Committee, Chairman Richard Neal of Massachusetts and oversight subcommittee Chairman Bill Pascrell of New Jersey, formally requested that the IRS do so right away. They pointed out in a press release that the number of both processed and filed returns so far in 2021 are down significantly from last year at this time. Processed returns are 31% below the 2020 level, while filed ones are down by nearly 25%.
Original Article Source Credits: The Motley Fool , https://www.fool.com/
Article Written By: Eric Volkman
Original Article Posted on: Mar 8, 2021
Link to Original Article: https://www.fool.com/investing/2021/03/08/democrats-push-irs-to-immediately-extend-2021-tax/