Tax Deadline Looming: Wednesday Final Day to File
We’re normally not talking about taxes in the summer, but taxpayers across the nation have until Wednesday, July 15 to either file their taxes or file an extension. Taxpayers who are still short on cash because of the coronavirus should reach out to the IRS to work out a payment plan. The nationwide extension from April to July gave Americans more time to pull their tax information together but also to get enough money to pay their taxes. Taxpayers should also be keeping good records because many household and business finances got very complicated in 2020. Stimulus checks are not taxable income, but state and federal unemployment benefits are subject to taxes for individual taxpayers. Paycheck Protection Program (PPP) loans also have the potential to complicate a business’ tax liability for the taxes due in April 2021. Master Deputy Jimmy Watt with the Oconee County Sheriff’s Office wants to remind you to be on guard for potential scammers, and remember that the government will NEVER contact you by phone, but rather through the US Mail.
For more information: