WASHINGTON – The income tax filing date has been pushed back from April 15, to July 15, Treasury Secretary Steven Mnuchin said late last week.
Mnuchin announced the decision in a tweet Friday, saying that at President Donald Trump’s direction, “We are moving Tax Day from April 15 to July 15.
The delay is available to people who owe $1 million or less and corporations that owe $10 million or less.
It is expected that many states will follow the lead of the federal government and delay their tax filing deadlines as well but that will be a state by state decision.
The administration is working with Congress to develop a $1 trillion support package and Mnuchin has said the IRS payment delay will add $300 billion to that effort.