Bloomberg: Wealthy Win, Low-Wage Earners Lose in April 15 Tax Extension

“High income people will benefit,” said Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy. “Anyone selling a whole bunch of stock on which they had income tax withheld — those people are getting a three-month interest free loan.”

Individuals who earn less, and whose income is principally from wages, might be eligible for a refund, but they could have trouble accessing that cash as social distancing makes it harder to consult low-budget tax advisers. Read more