Although the tax payment and tax-filing deadlines are postponed, Americans are encouraged to still file their taxes to claim their tax refund.
Very few aspects of American life, if any, remain unaffected by the coronavirus. Taxes are no exception.will move to July 15, the same day tax payments are due.
"If you owe a payment to the IRS, you can defer up to $1 million as an individual — and the reason we are doing $1 million is because that covers pass-throughs and small businesses — and $10 million for corporations, interest-free and penalty-free for 90 days. All you have to do is file your taxes," Mnuchin said in the White House briefing.
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IRS Details Tax-Payment Deadline Deferral to July 15 Due to CoronavirusThe move offers relief to people who owe income taxes for 2019 or for the first quarter of 2020.
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IRS will move tax filing deadline to July 15 as coronavirus spreads, Mnuchin saysThe extension ordered by President Donald Trump gives taxpayers more time to file returns and make payments without penalties or interest, as coronavirus economic fallout continues.
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US tax filing deadline moved to July 15, Mnuchin saysJUST IN: Treasury Secretary Steven Mnuchin announces that the Trump administration will move the tax filing deadline from April 15 to July 15.
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Senators push to extend tax filing season to July 15Sen. John Thune, R-S.D., among others, has proposed legislation that would give taxpayers 90 more days to file their 2019 returns. While the Treasury has given people more time to pay, returns are still expected to be submitted by April 15.
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