Treasury Dept Extends Tax Filing Deadline To July 15th

CBS News reports:

Americans will have an extra three months to file their taxes this year after President Donald Trump ordered the Treasury Department to move Tax Day to July 15. The move comes just days after the Treasury secretary said it would defer $300 billion in payments to the Internal Revenue Service due to hardship brought on by the coronavirus pandemic. The deferment allows individuals to delay payments of up to $1 million and companies to delay payments up to $10 million without penalties or fees for 90 days.