Extension of Tax Payment Deadline Announced

Breaking News: In an afternoon press conference today, Treasury Secretary Steven Mnuchin announced a plan to extend the April 15 tax deadline to pay taxes owed for individuals and many businesses by 90 days. Official details have not been released; however, based on the announcement it seems many taxpayers will benefit from the extension. We expect more important information to be provided shortly. Below are some key points from the announcement, as well as a few points of uncertainty.

What we know

What hasn’t been extended…yet?

What are we waiting on?

As more details are released, the Porte Brown team will be sure to keep you posted. If you have any additional questions please call us at 847-956-1040, email your Porte Brown accountant/representative, message us using the Contact Form.

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