Tax day is rapidly approaching, and if you haven’t filed it’s time to start working on it.
Yes, you read that right. Tax day this year is July 15. That also means you have until that date to make a prior-year contribution to some retirement funds, and possibly get a tax writeoff.
Tax Deadline Extended
While the income tax payment and filing deadline as well as the related Individual Retirement Account (IRA) contribution deadline are normally on April 15, this year that date was extended 90 days due to the COVID-19 epidemic.
The new date to file your 2019 federal taxes is July 15, 2020. The date for making your 2019 IRA contributions was also extended to that date.
Some states also extended their filing deadline to match the federal filing deadline.
State Tax Information for Military Members and Retirees
If you can’t pay your 2019 taxes by the new