WASHINGTON (AP) — President Donald Trump has filed for an extension on his 2016 tax return, a White House official said Saturday.
The official did not provide information on when Trump sought the extension or why. The official was not authorized to discuss the president’s taxes and insisted on anonymity.READ MORE: Young People Clean Up Behind Area In Baltimore Plagued By Illegal Dumping
Tax Day this year was on April 18. The Internal Revenue Service allows individuals and businesses to apply for a six-month extension to get more time to file a return. An extension does not provide more time to pay taxes.
As a candidate and as president, Trump has refused to release his tax returns, breaking a decades-long tradition. He has said he would release them when the Internal Revenue Service completes an audit — though experts and IRS officials said such audits don’t bar taxpayers from releasing their returns.READ MORE: Christmas Village Returns To Inner Harbor With Grand Opening Saturday
The few Trump tax returns the public has seen weren’t released by him, but disclosed by news outlets. Two leaked pages of his 2005 return that came out in March didn’t include full details on income and deductions, but did show that he would have benefited massively by an elimination of the alternative minimum tax — a feature of his just-outlined tax plan.
And three pages that surfaced last year showed he had claimed a $916 million loss on his 1995 return, which could be used to reduce his taxes by offsetting later gains.State, Anne Arundel Leaders Tour Annapolis For Small Business Saturday
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