Treasury Secretary Steve Mnuchin announced today during the White House Coronavirus Task Force Press Conference that relief is on the way for Americans who may be struggling since businesses are shut down. He also announced that the government would ease tax filing rules. The Dow went up right after the announcement by 1,000 points.

Treasury Secretary Steve Mnuchin says, “We’re looking at sending checks to Americans immediately…and I mean now, in the next two weeks.”

Mnuchin discussed extending filing taxes for 90 days:

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“We encourage Americans who can file taxes to continue to file taxes on April 15 because, for many Americans, you will get tax refunds, and we don’t want you to lose out on those tax refunds.”

“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.”

Chad Pergram tweeted out:


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