Posts tagged Income Tax 2019 Deadline.

In response to the COVID-19 Coronavirus pandemic, Treasury Secretary Steven Mnuchin announced Tuesday that Americans will have until July 15th to pay their 2019 federal income taxes – and without late payment penalties or interest during this extended payment due date.  No special filing with the IRS is required for this payment extension.  The announced payment extensions are limited, however.  Individuals can defer payment of up to $1 million in taxes, and corporations can defer payment of up to $10 million, and without penalties or interest.  Individuals and businesses with 2019 ...

Posted in: CARES Act/PPP
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