Friend,
April 15 is usually Tax Day in the United States, but this year it’s been upended like many other dates on the calendar. Due to COVID-19, Congress pushed back the federal filing deadline to July 15, 2020, when it passed the CARES Act (Coronavirus Aid, Relief, and Economic Security Act). Any taxes owed will not incur penalties and interest during this time. The state of Kansas followed suit, delaying their tax deadline to July 15 as well.
While it might be a relief that you don’t have to complete your 1040 by the end of today, some Kansans could benefit from filing soon.
If you are eligible for a refund, the IRS is quickly processing those requests, which can help put money in your pocket during this unprecedented time.
Additionally, the CARES Act implemented Economic Impact Payments – rebate checks of up to $1,200 per eligible adult and $500 per eligible child. The IRS will use taxpayers’ 2019 taxes to determine eligibility, and 2018 taxes if those have not yet been filed. If you had a child in 2019, you could receive the additional benefit this year when you file your taxes, or you will receive it when you complete your 2020 taxes in 2021.
Taxpayers who used direct deposit will have their rebate checks deposited into their account without having to do anything. Similarly, eligible Social Security beneficiaries will receive Economic Impact Payments in the same manner that they receive their benefits.
Non-filers or individuals who did not use direct deposit when filing their taxes can still provide information to the IRS to receive an Economic Impact Payment. Visit the IRS website to complete forms for non-filers, check the status of your Economic Impact Payment, or provide the IRS with your direct deposit information.
April 15 is usually viewed with anxiety as filers rush to complete their taxes or pay their bill. My hope is that Congress' efforts to provide stability and relief makes this day a little easier in the midst of this crisis.
You can get more information about the extended federal deadline here, and information about Economic Impact Payments here.
Sincerely,
Rep. Ron Estes
SURVEY QUESTION:
Have you completed your 2019 taxes?
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