Treasury Will Let Taxpayers Defer IRS Payments For Up To 90 Days

The video discusses the IRS's allowance for deferring tax payments up to $1,000,000 for 90 days due to the coronavirus pandemic. Despite this, the April 15th tax deadline remains unchanged. Taxpayers expecting refunds are encouraged to file on time, especially if they need funds during the pandemic. Electronic filing is recommended for its convenience. The deferral is expected to impact $300 billion in tax payments.

How are many people filing their taxes according to the text?

What is the expected amount of tax payments to be deferred as a result of the coronavirus?