Taxes Are No Longer Due This Week -- but Here's Why You Should File Them Anyway

Taxes Are No Longer Due This Week -- but Here's Why You Should File Them Anyway
Maurie Backman, The Motley Fool
·3 min read

A big reason for this change was that the recently signed American Rescue Plan -- the $1.9 trillion relief bill that paved the way for $1,400 stimulus checks -- includes a tax exemption for up to $10,200 of unemployment income. Because tax preparers needed time to account for this change, the IRS decided to push back the filing deadline, giving procrastinators everywhere a reason to celebrate. Right now, the IRS is juggling tax refunds and the distribution of stimulus checks, and we don't know if refunds claimed closer to the May 17 deadline will be subject to delays.