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Tax Day is Now July 15

Apr 14, 2020, 20:34 PM
Tax Day Moved to July 15th

Did you hear the news? The IRS has announced financial relief from the COVID-19 pandemic by extending Tax Day from April 15 to July 15, 2020, meaning this gives you 90 more days to prepare your taxes — and save up to pay taxes owed, if needed.

Here's a quick overview of the 2020 tax season, with directions for completing your taxes for free or at a discounted price. *

While the name TurboTax probably rings a bell - and is a great tax preparation choice – it’s not the only choice. In fact, it’s estimated that 100 million Americans qualify to file taxes for free. Before you sit down to do your taxes, we suggest you pay a visit to the Free Tax Alliance website.

If you earned less than $69,000 in 2019, you may be able to file your federal income taxes for free, saving yourself anywhere from $20 to $150 in tax preparation fees. Just a couple of minutes at the IRS Free File website will determine if you qualify for free filing. It also will show you which of the 10 alliance members can handle your specific tax situation. At least two of the tax preparation services offer Spanish-language versions.

Below is the list of Free File Alliance Members:

If you’re wondering why some providers didn’t make the cut, for various reasons, some online tax services do not belong to the alliance. Credit Karma, for one, offers free tax filing software in exchange for your data and willingness to receive financial advertising.

For help with your taxes, be sure to consult your tax advisor. You can also find federal resources at USA.gov, and our Financial Wellness Center.

Pro tip: The IRS says it can take three weeks to get your refund. Get it faster by having it directly deposited into your checking or savings account. For direct deposit of your tax refund, use U.S. Eagle’s nine-digit routing number: 307083652.

*Not everyone is eligible to file taxes for free. Consult with your tax advisor.


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