Tax Season Update Regarding COVID-19

The Treasury Secretary made an announcement about tax relief due to COVID-19.

As of now, this is what we understand based on this announcement:

the individual filing deadline is still April 15
those who can file their taxes should file by the normal tax filing deadline
those who can’t file by the deadline should file an extension by April 15
taxpayer’s both individual and corporations, can defer a tax due payment, interest-free and penalty-free, for an additional 90 days after April 15

The IRS will still need to address the following: