Newsroom

Trump Administration announces 90-day delay for many tax payments

WASHINGTON – The Trump administration says individuals and businesses will be allowed to delay paying their 2019 tax bills for 90 days past the usual April 15 deadline. The extension announced Tuesday is an effort to inject up to $300 billion into the economy at a time when the coronavirus appears on the verge of causing a recession. Treasury Secretary Steven Mnuchin said individuals will be able to delay paying up to $1 million in payments. Corporations will be able to defer payment on up to $10 million. Administration announces 90-day delay for many tax payments

thumbnail courtesy of freerepublic.com

(Visited 1 times, 1 visits today)