Taxes Aren't Due Yet, But You Might Want to File Now Anyway

Even though this year's tax deadline has been extended, there are still plenty of good reasons to file your taxes now.

picture of calculator with "tax time" displayed on the screen
(Image credit: Getty Images)

April 15 has come and gone. That means the tax filing deadline has already passed, right? Wrong! Because of the pandemic, the IRS is giving everyone an extra month to file their federal income tax return. So, instead of the normal April 15 deadline, Tax Day has been pushed back to May 17 this year.

But why wait? Even though you can put it off for a bit longer, filing your tax return now could save you money, time, and stress. At the very least, it will give you one less thing to worry about in your already hectic world. But if that's not enough to get you moving, here are a few more reasons why you might want to bite the bullet and do your taxes now. Once you're done, you can laugh at all the procrastinators and enjoy the next couple of weeks without having to worry about taxes.

Rocky Mengle
Senior Tax Editor, Kiplinger.com

Rocky is a Senior Tax Editor for Kiplinger with more than 20 years of experience covering federal and state tax developments. Before coming to Kiplinger, he worked for Wolters Kluwer Tax & Accounting and Kleinrock Publishing, where he provided breaking news and guidance for CPAs, tax attorneys, and other tax professionals. He has also been quoted as an expert by USA Today, Forbes, U.S. News & World Report, Reuters, Accounting Today, and other media outlets. Rocky has a law degree from the University of Connecticut and a B.A. in History from Salisbury University.