Taxpayers will get a three-month reprieve to file their 2019 income tax returns, Treasury Secretary Steven Mnuchin said.
Treasury Secretary Steven Mnuchin said Tuesday that taxpayers can delay paying their income taxes on as much as $1 million in taxes owed for up to 90 days.
The postponement on payments applies to federal returns. Double-check your state's tax deadlines to see if there are any delays. As part of its coronavirus response, the federal government will give filers 90 days to pay income taxes due on up to $1 million in tax owed, Mnuchin said in Washington. The reprieve on that amount would cover many pass-through entities and small businesses, he said.
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