A possible extension in the deadline for tax filing can be announced by the Internal Revenue Service, according to various media reports released on Wednesday. 

Even though no official announcement has been made by the financial regulatory body, the deadline is likely to be pushed till mid-May, according to reports from The Wall Street Journal, The Washington Post, Bloomberg and CNBC. 

Approximately 24 million filings coming from US-based businesses and individuals remaining pending for due process in the IRS office, many of which date back to the financial year of 2019, reported USA Today.

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Meanwhile, multiple members of the democratic party in the House Ways and Means Committee have already pushed Charles Rettig, the Commissioner of the IRS, for an extension beyond April 15. 

According to a joint statement released by Democratic representatives Bill Pascrell and Richard Neal, from New Jersey and Massachusetts, the deadline is expected to range somewhere between April 15 and May 17. 

The joint statement read, “This extension is absolutely necessary to give Americans some needed flexibility in a time of unprecedented crisis.”

It added, “Under titanic stress and strain, American taxpayers and tax preparers must have more time to file tax returns. … We are gratified that the IRS has recognized the need and heeded our calls for additional time, and while we are pleased with this 30-day extension, we will continue to monitor developments during this hectic filing season”, reported USA Today. 

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With the stimulus cheques rolling out rapidly in the US, due to the recently approved $1.9 trillion relief package, an already induced tax break is expected to smoothen over and mitigate the financial difficulties of the people impacted by the COVID-19 pandemic. 

In an attempt to clear any possible misunderstandings about the reviewed tax filing dates, the IRS announced that more details will be made available for the public soon. Moreover, the regulatory body urged the American taxpayers to not pay file any amended returns till further communication.