If dealing with the effects of coronavirus has put you behind schedule for preparing and paying your taxes this year, the US Treasury will give you three more months to pay your federal taxes without a penalty. Although you'll now have until July 15 to file your tax returns, there are still some benefits to meeting the typical April 15 deadline.

Along with the federal government, many state tax agencies are also moving their tax filing deadline past the annual April 15 due date to help people and businesses destabilized by the COVID-19 outbreak. The federal government is also sending coronovirus stimulus checks to help those struggling under the epidemic.

Here's what we know about the federal tax deadline and how to discover if your state taxes are also being pushed back. You can also learn everything you need to know about coronavirus and unemployment, some resources to help you if you've lost your job and more information on credit card and banking relief.

What are the new federal tax deadlines?

You now have till July 15 to pay your federal taxes. The three-month extension is automatically available to any federal taxpayer, without a limit on amount owed, including individuals, trusts and estates, corporations, noncorporations and those who pay self-employment tax. 

Why you might want to file by April 15

Waiting is one strategy, but keep in mind that the quicker you file, the quicker you'll get your refund, if one is owed to you. Most tax refunds are issued within 3 weeks. Your tax refund does not affect your coronavirus stimulus payment, if you're eligible. Right now, the IRS is open and processing tax returns, but it has closed its Taxpayer Assistance Centers, where you could get help in person with tax questions.