(USA) Treasury and IRS To Delay Tax Deadline by 90 Days

[The-J]

Treasury and IRS to delay tax payment deadline by 90 days

Taxpayers are about to get a three-month reprieve to pay income taxes owed, Treasury Secretary Steven Mnuchin said at a news conference Tuesday.

www.cnbc.com

DOES NOT APPLY TO STATE RETURNS

Applies to up to $1m in personal income tax, $10m in corporate tax

No penalties or interest in the 90 day period

 

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[CareCPA]

Treasury and IRS to delay tax payment deadline by 90 days

Taxpayers are about to get a three-month reprieve to pay income taxes owed, Treasury Secretary Steven Mnuchin said at a news conference Tuesday.

www.cnbc.com

DOES NOT APPLY TO STATE RETURNS

Applies to up to $1m in personal income tax, $10m in corporate tax

No penalties or interest in the 90 day period

Note: at this time, this is for payments only, not the actual return.

The easy workaround is to just extend your personal return. If they're not going to penalize you for paying late, then you don't have to worry about the whole "you need to pay your taxes even if you extend" nuance.

 

[CareCPA]

Federal tax filing deadline officially extended until July 15.
Hopefully states will follow suit...

 

[The Abundant Man]

Doesn't matter. Just do it early anyway. Get it done with. Stop procrastinating

 

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[Rabby]

Darn, sent mine already, business and personal. Should have put that in a 3 month CD at 0.0000001% interest