HEADLINES & GLOBAL NEWS
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(Photo : Pixabay/stevepb)
May 17 is the final day to file taxes in 2021. It is around a month later than it usually happens because of the stimulus check red tape. The deadline is almost here, and numerous Americans still have not filed.
Last Day to File Taxes
On March 17, the IRS declared that the deadline to both file and pay 2020 individual federal income taxes has been extended to the said date. According to IRS Commissioner Chuck Rettig, This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers navigate the unusual circumstances related to the pandemic, while also working on important tax administration responsibilities, reported Investopedia.
HEADLINES & GLOBAL NEWS
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(Photo : Drew Angerer/Getty Images) Congressional Democrats Hold Press Conference On Canceling Student Debt
WASHINGTON, DC - FEBRUARY 4: Senate Majority Leader Chuck Schumer (D-NY) speaks during a press conference about student debt outside the U.S. Capitol on February 4, 2021 in Washington, DC. Also pictured, L-R, Rep. Mondaire Jones (D-NY), Rep. Alma Adams (D-NC), Rep. Ilhan Omar (D-MN), Sen. Elizabeth Warren (D-MA) and Rep. Ayanna Pressley (D-MA). The group of Democrats re-introduced their resolution calling on President Joe Biden to take executive action to cancel up to $50,000 in debt for federal student loan borrowers.
Despite calls from progressive Democrats for President Biden to sign an executive order wiping out millions in borrowers debt, the administration has yet to make a statement on the student loan forgiveness program. The administration s recent steps toward this indicate that widespread cancellation