Treasury Secretary Steven Mnuchin has announced that the federal income tax filing date is being pushed back by 3 months due to the coronavirus outbreak.
Mnuchin tweeted on Friday morning that the planned April 15 deadline for tax returns is being postponed until July 15, giving taxpayers and businesses extra time to submit their returns.
Nonetheless, Mnuchin says he is urging people to file their tax returns as soon as possible so they can get their refunds, if they're due one.
Minnesota Gov. Tim Walz has said the state tax filing date will also be pushed back to July 15.
Gov. Walz has already announced this week a 30-day grace period for sales and use tax payments for small businesses, after requests from the state's restaurant industry.
President Trump also announced on Friday that all interest on federally-owned student loans will be waived and payments suspended without penalty for the next 60 days.
"If we need more we'll extend that period of time," he added.