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The Internal Revenue Service is planning to push back its tax deadline from April 15 to May 15, according to multiple reports.
The decision, first reported by Bloomberg News and confirmed by CNBC, will give the agency time to process tax returns at the same time that it sends out another round of stimulus checks, following the recent passage of Democrats’ $1.9 trillion coronavirus relief bill. The bill also included last-minute amendments affecting tax collection, such including up to $10,200 in tax exemptions on jobless benefits.
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