Coronavirus response: Trump is delaying tax payments and extended filing deadline to July 15

On Tuesday White House announced how taxpayers will be able to defer any tax payments they may have.

"If you owe the IRS you can defer up to $1million as an individual," said Treasury Secretary Steve Mnuchin, adding that the payments would be "interest free and penalty free for 90days."

All you have to do is file your taxes, you'll automatically not get charged interest and penalties.

Filing and pay deadline extended until July 31st