How delaying the April 15 IRS tax day helps the rich—and could hurt low-income taxpayers

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Delaying the April 15 tax day was supposed to help millions of Americans weather the economic fallout from the coronavirus. But the extension is likely to give some wealthy taxpayers an interest-free loan on their tax bills and delay refunds for some low-income taxpayers. The Internal Revenue Service said last month it will delay the tax filing deadline to July…
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