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Treasury Secretary Mnuchin has announced a 90-day deadline extension for both filing and paying taxes owed. You can file and pay any taxes owed by Wednesday, July 15 without penalties as part of the White House’s Covid-19 relief plan.
A national emergency was called by President Trump on March 13, which allows the IRS to provide tax relief such as waiving penalties or extending the filing and payment deadline. On March 17, Treasury Secretary Mnuchin announced that individuals and many pass-through entities and small businesses would qualify for the tax payment reprieve. On March 20, Mnuchin announced that the filing deadline would also be extended through July 15.
This official tax reprieve is for federal tax returns and payments. States will decide individually on the type of tax relief to provide and make those announcements as decisions are made.
For more information on Covid-19, also known as the Coronavirus, visit the Centers for Disease Control and Prevention website.