Tax filing deadline moved to July 15 amid coronavirus outbreak

Treasury Secretary Steven Mnuchin announced Friday that the IRS' tax filing deadline was extended three months to July 15 amid the coronavirus outbreak.

The big picture: Mnuchin already announced earlier this week that the government would defer up to $300 billion in tax payments for three months. That move allowed individuals to defer up to $1 million and corporations to defer up to $10 million — interest-free and penalty-free.