IRS May Delay April 15th Tax Deadline; Mnuchin Eyes $200 Billion In Liquidity Through Delayed Payments

The IRS is considering a delay of the normal April 15th headline for filing taxes and making payments, according to CBS News’ Steven Portnoy,

The IRS is considering delaying the normal April 15th deadline for tax filing and payments, @saraecook confirms.

(This would stand to benefit small business owners who file as individuals. Most Americans don’t owe the IRS money.)

— Steven Portnoy (@stevenportnoy) March 11, 2020

Treasury Secretary Steven Mnuchin says he’s hoping to provide $200 billion or more in liquidity by delaying tax payments. He added that while he isn’t looking for broad bailouts, there may be specific industries that are highly impacted which may receive assistance, according to Bloomberg.

Mnuchin added that the Trump administration is looking to increase lending to small and medium businesses.

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