Treasury Defers Tax Payments, Waives Interest and Penalties for 90 Days
This post was updated on March 20.
Treasury Secretary Steve Mnuchin announced on March 18 that households and small businesses can defer tax payments without interest or penalties for 90 days.
This covers a broad range of Americans, including small businesses that file as individuals who owe up to $1 million, and other categories of small businesses, sole proprietors, and corporations owing up to $10 million.
Penalties and interest that would otherwise apply during this nearly three-month period will be waived.
On March 20, Secretary Mnuchin tweeted that the tax filing deadline would be pushed back 90 days to July 15. “We are moving Tax Day from April 15 to July 15,” he tweeted. “All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.” Mnuchin noted the action was made at President Trump’s direction.
View more details. Note that this Treasury release was put out before the secretary announced the change to the April 15 filing deadline.
NAHB is providing this information for general information only. This information does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind nor should it be construed as such. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers.Latest from NAHBNow
Workforce Development
Feb 02, 2026
HBA Investments in Career and Technical Education Grow Florida WorkforceStudents across the Florida Panhandle are gaining pathways into residential construction through the Building Industry Association of the Big Bend's Career and Technical Education programming.
Advocacy
Jan 30, 2026
Government Shutdown Could Impact HousingAlthough the Senate passed a spending bill to fund the vast majority of the federal government through Sept. 30, 2026, a partial government shutdown went into effect at 12:01 a.m. on Saturday, Jan. 31.
Latest Economic News
Economics
Jan 30, 2026
Bathroom Remodeling Is Most Common Project in 2025Every quarter, the National Association of Home Builders (NAHB) conducts a survey of professional remodelers. The first part of the survey collects the information required to produce the NAHB/Westlake Royal Remodeling Market Index (RMI).
Economics
Jan 29, 2026
Saving Rate Falls to 3.5% in NovemberPersonal income rose 0.3% in November 2025, following a 0.1% increase in October, according to the latest data from the Bureau of Economic Analysis. Gains were largely driven by higher wages and dividend income. However, income growth has cooled noticeably from peaking at a monthly increase of 1.1% in July 2022 to 0.3% now.
Economics
Jan 28, 2026
Holding Pattern for the FedThe Fed paused its easing cycle at the conclusion of the January meeting of the Federal Open Market Committee, the central bank’s monetary policy body. The Fed held the short-term federal funds rate at a top rate of 3.75%, the level set in December. This marked the first policy pause since the Fed resumed easing in September of last year.