Income Tax

Besides the obvious health benefits (e.g., fewer human interactions and possibilities for being infected), employees don’t waste time commuting, save on transportation costs and can be more productive. Plus, they are able to work at their own pace.

President Donald Trump has instructed the Treasury Department and IRS to extend the April 15, 2020 deadline for filing federal income tax returns for those affected by Coronavirus. The change is only for this year.

Such a change in the deadline for individuals to file their annual federal income tax returns would be unprecedented at the national level, although the IRS often grants such extensions to more limited geographical areas following disasters.

Our chart below offers a date based on when you filed, data from previous years, and IRS policy. While it isn't a100% guarantee, it's about 99%, and can help you estimate when you will get your 2020 IRS federal income tax refund.

While the majority of tax refunds are issued within 21 days, some may take longer. Just as each tax return is unique and individual, so is each taxpayer's refund. There are a few things taxpayers should keep in mind if they are waiting on their refund ...

Although a majority of U.S. adults (74%) opt for direct deposit when receiving tax refunds, more Millennials (17%) and Gen Xers (17%) prefer to receive a check in the mail compared with Baby Boomers (14%), per new research from ACI Worldwide ...

This simple chart shows an estimate of whey you may receive your 2020 income tax refund. Most taxpayers can get their 2020 income tax refund via direct deposit from the IRS in as little as 10-15 days if they file early.

The chart below offers a general timeline of when you should receive your 2020 tax refund, based on when you filed, data from previous years, and IRS policy.