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Treasury delays tax filing deadline to July 15

Treasury Secretary Steven MnuchinSteven Terner MnuchinThe Hill's Morning Report - Presented by the UAE Embassy in Washington, DC - Trump OKs transition; Biden taps Treasury, State experience On The Money: Democrats accuse Mnuchin of sabotaging economy in dispute with Fed | Trump administration proposal takes aim at bank pledges to avoid fossil fuel financing | JPMorgan: Economy will shrink in first quarter due to COVID-19 spike Democrats accuse Mnuchin of sabotaging economy in dispute with Fed MORE on Friday said that the deadline for filing tax returns is being moved from April 15 to July 15, after his department earlier this week similarly extended the due date for tax payments amid the coronavirus.

"At @realDonaldTrump’s direction, we are moving Tax Day from April 15 to July 15," Mnuchin tweeted. "All taxpayers and businesses will have this additional time to file and make payments without interest or penalties."

Mnuchin also encouraged people who might be in line for tax refunds "to file now to get your money." Typically, about 70 percent of individual tax returns claim refunds.

The announcement comes after lawmakers and tax preparers pressed Mnuchin to extend the filing deadline.

The Treasury Department and IRS released guidance on Wednesday that allows individuals and corporations to defer tax payments from April 15 to July 15, but had kept the deadline to file returns at April 15.

Lawmakers on both sides of the aisle and tax preparers had argued that the filing deadline needed to be extended in addition to the payment deadline to minimize confusion for taxpayers and to ensure that people could receive the tax-preparation help that they need.