BobKamman
Level 15

Treasury Secretary Mnuchin said that President Trump instructed him to allow for the deferment of tax payments, interest free and penalty free for 90 days. People can defer up to a $1 million and corporations can defer up to $10 million in payments. The Treasury secretary said that this would inject $300 billion into the economy. He said that people who can file their taxes now should do so, because many will get refunds.

--From NY Times website.  It doesn't mention extensions for filing, but that detail may follow from the IRS website.  They were just waiting until all the corporate money was collected yesterday.