Trump files extension for 2017 tax return

Trump files extension for 2017 tax return

Trump files extension for 2017 tax return

President Donald Trump has filed an extension for his taxes for the second time since taking office, the White House said Tuesday. Instead, he will reportedly file by October 15, which is the deadline set by the IRS for taxpayers who ask for extensions.

Trump, who took advantage of the extension a year ago as well, will now have until October to file his taxes with the Internal Revenue Service.

US taxpayers are obligated to file their federal tax forms by midnight on Tuesday.

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In recent days, millions of Americans have been sweating to beat the tax-filing deadline.

Trump also filed for an extension previous year for his 2016 taxes.

Changes to the tax code that Republicans in Congress approved late previous year do not apply to 2017 paperwork.

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Even after winning the White House, Trump continued to face pressure to release his returns, including from protesters across the nation on Tax Day in 2017. Those who do not pay their estimated tax bill are subject to penalties.

Anyone looking for a little more time can file for an extension.

Trump has bucked decades of tradition by not releasing his tax returns to the public. As a candidate in 2016, Trump bragged that he paid as little taxes as possible.

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The income tax department on Wednesday cautioned salaried class taxpayers against using illegal means like under-reporting of income or "inflating" deductions while filing their returns, stating violators will be prosecuted and their employers will be intimated to take action against them.

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