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Summertime is also Tax Time

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Published on July 10, 2020
 

Summertime is also Tax Time

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The extension was nice while it lasted, but the Treasury Department and the Internal Revenue Service expect your 2019 tax return to be in the mail by July 15, as the reprieve from filing last year’s taxes officially comes to an end. 

The unique tax filing and payment relief for individuals and businesses was in response to the COVID-19 outbreak, and it also applies to filing state of Michigan taxes. For more on Michigan rules and regulations click here.

Need even more time?

If you need even more time to file your federal return, you can ask for an extension, but read the rules carefully. The IRS website states:

  • An extension of time to file your return does not grant you any extension of time to pay your taxes. 
  • You should estimate and pay any owed taxes by your regular deadline to help avoid possible penalties.
  • You must file your extension request no later than the regular due date of your return.

Individual tax filers can use Free File to electronically request an automatic tax-filing extension.

Stay connected to your return

The IRS has updated IRS2Go, a smartphone application that lets you interact with the IRS. According to the IRS website, the app will help you:

  • Get your refund status
  • Make a payment 
  • Find free tax preparation assistance
  • Stay connected with the IRS

It might be summertime, but it’s also tax time. If you still need to file your 2019 taxes, visit the Love My Credit Rewards page of our website. There, you’ll learn how to save up to $15 when you file your taxes through TurboTax – it’s just one of the perks of being a member of Community Choice.

File now so you can continue with your summer fun!

You could earn even more with your tax return! Speak with a personal advisor to explore your saving and investment options. Click here to make an appointment

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