U.S. President Donald Trump speaks whereas flanked by Secretary of the Treasury Steven Mnuchin (R) throughout a briefing concerning the coronavirus within the press briefing room on the White Home on March 17, 2020 in Washington, DC.
Drew Angerer | Getty Photos
Taxpayers will get a three-month reprieve to file their 2019 earnings tax returns, Treasury Secretary Steven Mnuchin stated on Tuesday at a press convention.
As a part of its coronavirus response, the federal authorities can even give filers 90 days to pay earnings taxes due on as much as $1 million in tax owed, Mnuchin stated in Washington.
The Trump administration needs to get cash into the fingers of People "instantly," Mnnuchin stated on Tuesday.
The tax deadline delay pushes the due date for final 12 months's returns and taxes from April 15 to July 15.
It's best to nonetheless get your 2019 earnings tax return in to the federal authorities as quickly as attainable, particularly in the event you're due a refund and wish money.
No matter how Treasury proceeds, finally you the...
Supply cnbc.com
