Treasury, IRS To Delay Income Tax Payment Deadline By 90 Days
March 17, 2020 6:18PM EDT
Tax 1040x Form
Good news for income tax procrastinators – the IRS and U.S. Treasury are extending the deadline for income tax payments by 90 days due to the coronavirus outbreak.
On Tuesday, Treasury Secretary Steven Mnuchin announced that tax filers have an extra three months to pay owed income tax up to $1 million without interest or penalties.
Mnuchin still urged citizens to file their taxes by April 15th, especially if they’re getting refunds back.
Have you done your taxes already? Will you still file by April 15th or take advantage of this reprieve?
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