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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