NYC (Channel TT): Americans now have three more months to pay -- and file -- their taxes, as of Friday’s announcement by the U.S. Treasury Secretary Steve Mnuchin.
Tax filers now have until July 15 to pay their 2019 tax bills. Individuals can defer up to $1 million of tax liability while corporations get an extension on up to $10 million, Mnuchin said at a news conference earlier this week.
“All you have to do is file your taxes,” he said. “You’ll automatically not get charged interest and penalties.”
However, Mnuchin suggested that Americans should stick to the original deadline, if possible.