Treasury and IRS to delay tax season deadline by 90 days

[james.hendrickson]

CNBC is reporting that the IRS will delay tax season deadlines by 90 days.

The filing deadline is delayed until July 15th.

• Treasury Secretary Steven Mnuchin said on Tuesday that taxpayers can delay paying their income taxes on as much as $1 million in taxes owed for up to 90 days.
• Ordinarily, individual income taxpayers must submit their 2019 tax returns by April 15. This delay could push the due date to July 15.
• This relief is for federal returns only, check your state tax authority for their deadlines.
• Interest and/or penalties on funds owed will not be levied during the grace period.

CNBC Source

[disneysteve]

Makes sense. Good move on their part.

[~bs]

i thought the deadline was still 4.15, but only payment deferred?