IRS waiving penalties/interest on tax payments for 90 days!

March 17, 2020
Taxes

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While we are all dealing with the hardships arriving from the effects of the coronavirus, the IRS has announced some encouraging news that taxpayers will have 90 extra days to pay income taxes due on up to $1 million in taxes owed and will not be hit with any penalties or have interest added.  You still need to get your taxes done by April 15th, and if you're planning on getting a return then its better to do it sooner than later so you can get that money, but for those who are owing, they will get a small break!