Should you take that extra month to file your taxes?

The pandemic has changed many aspects of life, including taxes, and is again leaving Americans with a little extra time to file their returns. But the extension granted by the Internal Revenue Service doesn't mean it makes sense for everyone to procrastinate until this year's new May 17 deadline. 

Asked whether it's prudent to stick with the usual April 15 deadline, accountant Dan Geltrude said the decision basically comes down to whether you're expecting cash back from Uncle Sam. If you anticipate a refund, "you want to file your tax return as soon as possible," Geltrude told CBSN. "Keep in mind that the IRS processes those refunds on a first-in, first-out basis, so you want to get in on a timely basis."