FILE - A copy of a IRS 1040 tax form is seen at an H&R Block office on Dec. 22, 2017 in Miami, Florida. ( Photo by Joe Raedle/Getty Images ) WASHINGTON - The Trump administration says individuals and businesses will be allowed to delay paying their 2019 tax bills for 90 days past the usual April 15 deadline.
The extension announced Tuesday is an effort to inject up to $300 billion into the economy at a time when the coronavirus appears on the verge of causing a recession. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates Treasury Secretary Steven Mnuchin said individuals will be able to delay paying up to $1 million in payments.