JUST IN: Treasury and IRS to delay tax payment deadline by 90 days

JUST IN: Treasury and IRS to delay tax payment deadline by 90 days

KEY POINTS 

  • Treasury Secretary Steven Mnuchin said Tuesday that taxpayers can delay paying their income taxes on as much as $1 million in taxes owed for up to 90 days. 
  • Ordinarily, individual income taxpayers must submit their 2019 tax returns and pay amounts owed by April 15.
  • The postponement on payments applies to federal returns. Double-check your state’s tax deadlines to see if there are any delays.

The American Institute of CPAs is keeping a list of states’ tax developments here.

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