The coronavirus crisis is pushing back when you owe your tax bill.

If you’re getting a tax refund, file the return as soon as you can and aim for that April 15 deadline.

But if you owe money, take an extra look at what’s planned.

A three-month break for paying tax bills is part of the federal government’s plan to get the economy back on its feet.

U.S. Treasury Secretary Steven Mnuchin discussed the extension Tuesday at a press conference.

The temporary 90-day deal would help small business owners and others. Those who pay later would not be slapped with interest or penalties, as they would be based on the existing rules before COVID-19.

Small-business owners welcomed the added relief, as it’s one way to stretch out money when cash flow is being squeezed.

Certified public accountants and other tax professionals note that many tax returns are on track to be filed on time. Many tax professionals want more details of any new rules.

By Tribune News Service