Only moments ago, at the direction of President Trump, Treasury Secretary Steven Mnuchin announced that US Tax Day has moved from April 15th to July 15th, 2020.

According to Mnuchin, “All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.”

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Mnuchin followed up his first tweet with another tweet, giving Americans advice to Americans who may have tax refunds coming, urging them to “file now to get your money.”

Two days ago, Secretary Mnuchin announced a delay in the April 15th tax date by 90 days, but the tax day deadline was limited to millions of individuals who owe $1 million or less and corporations that owe $10 million or less.

“If you owe a payment to the IRS, you can defer up to $1 million as an individual, and $10 million to corporations, interest-free and penalty-free for 90 days. File your taxes, you’ll automatically not get charged interests or penalties.”

Today’s tax date extension applies to all American businesses and individuals.

 

 

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