In case you missed the news, the IRS has extended this year’s tax-filing deadline by a month, giving filers until May 17 to not only submit their returns, but pay any tax debts that are owed from 2020. If you haven’t started working on your taxes, it could pay to do so sooner rather than later. Even though you now get an extra month to get the task done, the earlier you file a return, the sooner you’ll get any refund you’re due.
That said, if you’re used to filing a return on paper, this isn’t the year to do so. And if you go that route, you could end up delaying your refund extensively.
Last year, the IRS shut many of its offices down in response to the coronavirus outbreak. And now, it’s grappling with a massive pile of unprocessed 2019 returns.