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U.S. delays April 15 tax payment deadline by 90 days for millions

US Department of Treasury announced that it was pushing back the April 15 deadline to pay taxes owed, giving individuals and many businesses 90 extra days to send checks to the government.

Delaying payment requirements will give businesses and individuals nearly three more months to meet their IRS obligations, potentially lessening cash-flow issues that some businesses are facing as many people stay home and spend less money on dining out, entertainment and transportation because of coronavirus pandemic.

“This is a commonsense step to afford individual Americans and businesses access to financial resources they need during this time of economic and social disruption,” Senate Finance Committee Chairman Chuck Grassley said in a statement.

As a rule, the IRS extends the filing deadline for victims of natural disasters.

Original Story at TFX.