US Treasury Department: Taxpayers must file income tax returns by July 15 or request an automatic extension

Anil Panchal FXStreet

Early Tuesday morning in Asia, updates from the US Treasury Department suggest that there is no automatic extension of filing the income tax returns despite the window to three-month stretching of the deadline from July 15 to October 15.

The Treasury Department said, “taxpayers must file income tax returns by July 15 or request an automatic extension to Oct. 15”.

FX implications

Considering the nature of the outcome, coupled with the market’s present attention of the coronavirus (COVID-19) news, the update failed to offer any major moves. However, the S&P 500 Futures extended Wall Street’s gains to 3,056, up 0.35% on a day, by the press time.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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