As announced by U.S. Treasury Secretary Steven Mnuchin, the IRS will extend the April 15 filing deadline for federal tax filing by 90 days to July 15 for corporate filers as well as individual income tax payments. Corporate filers will receive an extension on up to $10 million in taxes owed, and individuals may defer up to $1 million in tax payments.
Please note that this announcement applies to federal income taxes only.
More information will be forthcoming at irs.gov.
Updated: March 20, 2020
Source: U.S. Department of Treasury