To minimize impact on our nation’s students, the Department of Education is temporarily waiving all interest on federally held student loans. Secretary Betsy DeVos has also directed federal lenders to allow borrowers to suspend their student loan payments without penalty for at least the next 60 days.
Stitt announced on March 19 the Oklahoma Tax Commission approved an order to allow all individual and other non-corporate tax filers to defer up to $1 million of state income tax (including self-employment tax) payments due on April 15 until July 15 without penalties or interest.
To help American families and businesses, the Treasury Department announced that Tax Day will be moved from April 15 to July 15. No interest or penalties will be charged for filing during this extended window, but any American expecting refunds or credits may claim now to get their money sooner.