Federal Tax-Day Deadline Extension

On March 20, the Trump administration, through a tweet by Treasury Secretary Steven Mnuchin, announced that the deadline for filing 2019 federal income tax returns would be extended to July 15, 2020, from April 15, 2020, as part of its response to the coronavirus crisis.

The announcement also stated that individual taxpayers and businesses will not be subject to interest or penalties during the three-month extension. Regarding state filing deadlines, you should check with your state tax authority.  
 

You should consider the investment objectives, risks, and charges and expenses of the variable annuity contract and the underlying investment funds carefully before investing. This and other information is contained in the contract prospectus or brochure and underlying funds prospectuses and summary prospectuses, which can be obtained by calling 1-800-468-3785 or visiting mutualofamerica.com. Read them carefully before investing.

Mutual of America's group and individual retirement products are variable annuity contracts and are suitable for long-term investing, particularly for retirement savings. The value of a variable annuity contract will fluctuate depending on the performance of the Separate Account investment options you choose. Upon redemption, you could receive more or less than the principal amount invested. A variable annuity contract provides no additional tax-deferred treatment of benefits beyond the treatment provided to any qualified retirement plan or IRA by applicable tax law. You should consider a variable annuity contract's other features before making a decision.




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