4 Things You Need to Know About Taxes in a COVID-19 World

Maurie Backman, The Motley Fool
4 Things You Need to Know About Taxes in a COVID-19 World

If you owe money for 2019 and your tax return is late, you could face costly penalties if you don't fill out the form asking for an extension. The IRS typically issues refunds for electronically filed tax returns within three weeks of receiving them, while refunds for paper returns normally take about six weeks. If you think you're due a refund and are eager to get your money as quickly as possible, get moving on your tax return, even though you're technically not required to submit it until mid-July.