Dreaded by most, that day we have to have our taxes filed without penalty, April 15th. Well, we now have a little buffer. It has been announced that we get an extra 3 months to get our taxes done. We now have until July 15th to file without interest and penalties.

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This was announced by Treasury Secretary, Steve MNuchin and is the most recent in a string of emergency measures being announced in an effort deal with the financial fallout from the coronavirus pandemic.

Mnuchin said this will give individual taxpayers and businesses a cushion of time on their taxes without being penalized.  Good news!  Hopefully, Minnesota will follow suit on state taxes.

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