What Does 90-Day Tax Payment Delay Mean for Filers?
The Trump administration has announced that most individuals and businesses will be allowed to delay paying their federal tax bills for 90 days as part of an emergency relief plan amid the coronavirus pandemic. But taxpayers should take note that they still need to file on time — only payment has been delayed. Those delayed payments are now due July 15. And check with your state to find out if your due date there has changed — they don't always follow suit.
(Story written by SARAH SKIDMORE SELL and MARTIN CRUTSINGER)