Bloomberg Tax
March 17, 2020, 8:09 PM

Treasury Offers 90 More Days to Pay Taxes, Says File by April 15

Laura Davison
Laura Davison
Bloomberg News

Treasury Secretary Steven Mnuchin announced that his department is pushing back the April 15 deadline to pay taxes owed for many individuals and businesses, giving them 90 extra days to send checks to the government.

Individuals can defer up to $1 million of tax liability and corporations get an extension on up to $10 million, Mnuchin said Tuesday at a news conference Tuesday.

“All you have to do is file your taxes,” he said. “You’ll automatically not get charged interest and penalties.”

The payment extension, which affects millions of taxpayers, is part of the Trump administration’s effort to curb the ...

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