Treasury Announces Tax Payment Relief

tax payment relief

Treasury Secretary Steven Mnuchin on March 17 announced that individuals can defer tax payments up to $1 million for 90 days and corporations can defer tax payments up to $10 million for the same period. Specific details on tax payment relief were announced today by the IRS.The Secretary has determined that any person with a Federal income tax payment due April 15, 2020, is affected by the COVID-19 emergency for purposes of the relief described (Affected Taxpayer). Continue reading “Treasury Announces Tax Payment Relief”