US Tax Payment Deadline Extended 90 Days Due to Coronavirus
- 4 years ago
US Tax Payment Deadline Extended 90 Days Due
to Coronavirus The announcement was made by
Treasury Secretary Steve Mnuchin, who said Americans should still file by
the standard April 15 date for refunds. Steve Mnuchin, via news conference Mnuchin added that the delay applies
to people with up to $1 million
owed for income taxes. For corporate filers, the extension
is in effect for up to $10 million. Mnuchin also said that there will be no penalties
issued during the three-month delay. According to CNBC, over 65 million
have sent their returns to the IRS
during the first week of March.
to Coronavirus The announcement was made by
Treasury Secretary Steve Mnuchin, who said Americans should still file by
the standard April 15 date for refunds. Steve Mnuchin, via news conference Mnuchin added that the delay applies
to people with up to $1 million
owed for income taxes. For corporate filers, the extension
is in effect for up to $10 million. Mnuchin also said that there will be no penalties
issued during the three-month delay. According to CNBC, over 65 million
have sent their returns to the IRS
during the first week of March.