Taxpayers Urged to Pay Early Even with July 15th Tax Deadline Extension

Taxpayers Urged to Pay Early Even with July 15th Tax Deadline Extension

If you haven’t filed your federal taxes just yet, here’s some news you’d like to hear: The deadline has been moved to the 15th of July!

Due to the coronavirus outbreak, the IRS has given Americans 90 more days to file their federal tax returns and pay their taxes. Treasury Secretary Steven Mnuchin officially announced the move on March 20 following a directive from President Trump and after seeing that the coronavirus outbreak has caused a massive economic fallout in the country. President Trump said the extension will provide more time for all taxpayers and businesses to file their returns and make tax payments “without interest or penalties.”

Nevertheless, Mnuchin urged taxpayers who expect to receive tax refunds to file as soon as possible, so they can promptly claim their refunds. The same advice goes for those who are not sick or directly affected by the coronavirus. As with any other year, you have the option to request a six-month extension to file your tax return.

It’s important to note that the new tax deadline only applies to federal income tax payments. This means that the states have to set their own tax deadlines. For instance, California residents can file and pay their state taxes until the 15th of June.


Better to File Now Than Wait

Although Congress has started working on a stimulus package that will send relief checks to taxpayers across the U.S., there are still uncertainties as to who will qualify and how long will it take for the money to arrive. This is why Mnuchin encouraged taxpayers to move now.

To claim your refund as early as possible, the IRS suggests e-filing and choosing direct deposit. Out of 10 taxpayers who are owed refunds, nine of them who opt for this method normally get theirs within 21 days following their return submission.

Also, since there’s no guarantee that your state will allow you extra time to file your federal taxes, you might as well just do it along with your state taxes. Besides, wouldn’t you want to be productive during your home quarantine?

Get a Maximum Tax Deduction!

Does the sound of a hefty tax write-off excite you? Our guts tell us it does! We’re here to give you just that!

Anyone who donates their unneeded vehicle to us at Kids Car Donations is entitled to a top tax deduction since we work with IRS-certified 501(c)3 nonprofits. Proceeds from the auction sale of your auto donation will be used to help cover the costs of the services being provided by these charities, all of which are dedicated to saving the lives and restoring the health of sick kids from underprivileged families in your community.

A few weeks after the sale of your vehicle, you will receive your 100-percent tax-deductible receipt in your mailbox. You can use this receipt to claim one of your tax deductions in the next tax season.

You will need to spend just a couple of minutes of your time to make your donation. You call us, provide us a few basic details about the car you’re donating, set a schedule for our free towing, and you’re done! We’ll take care of your paperwork and everything else from that point on.

We accept almost all types of vehicles, including those that are no longer in good condition. For additional information, head over to our FAQs page. You may leave us a message here or call us at 866-634-8395 if you have any questions or concerns.


Get Started Now!

4x4 Off road vehicle | Kids Car Donations
Photo by Lance Asper under Unsplash License

The sooner you donate to us, the sooner you get your tax reward. Get in touch with us today at 866-634-8395 or fill out our online donation form. We can’t wait to hear from you.