Announced this morning, the IRS has officially extended the federal tax filing deadline to July 15th. We hope this good news makes these turbulent times a bit more bearable for freelancers everywhere.
Use this time to find more tax write-offs! 💸
If you're one of the many people practicing "social distancing", it's a great time to sit down and go through all of your 2019 expenses. 20 minutes can save you thousands of dollars on taxes - it's definitely worth delaying the next episode of the show you're binging!
To get started, link cards and banks you used to make purchases last year to Keeper Tax, and then review your potential write-offs.
The Q1 2020 quarterly tax payment deadline was extended, too!
Along with 2019 taxes, the deadline for making the first quarterly tax payment of 2020 has also been moved to July 15th. We've adjust the instructions on our quarterly tax calculator accordingly.
The IRS is still processing refunds
If you are expecting a refund, there's no reason not to file now! The IRS has committed to sending refunds out within 21 days of tax filing. Don't forget to still claim tax write-offs even if your self-employment work was part-time - it'll get you an even bigger refund!