U.S. Postpones April 15 Tax Payments for 90 Days for Most Americans
Source: The Wall Street Journal.
U.S.
U.S. Postpones April 15 Tax Payments for 90 Days for Most Americans
Coronavirus disruption prompts tax agency to extend deadline, waive interest and penalties
By Richard Rubin, Laura Saunders and Andrew Restuccia
Updated March 17, 2020 12:59 pm ET
WASHINGTON—The U.S. government will postpone the April 15 tax-payment deadline for millions of individuals, giving Americans another 90 days to pay their 2019 income-tax bills in an unprecedented move.
The IRS, using authority under President Trump’s national-emergency declaration, will waive interest and penalties as well, Treasury Secretary Steven Mnuchin said at the White House Tuesday. The delay is available to people who owe $1 million or less and corporations that owe $10 million or less, Mr. Mnuchin said.
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Read more: https://www.wsj.com/articles/u-s-postpones-april-15-tax-deadline-for-90-days-for-millions-of-americans-11584463242
The U.S. government will postpone the April 15 tax-payment deadline for millions of individuals, giving Americans another 90 days to pay their 2019 income tax bills in an unprecedented move
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