The IRS has announced that the due date for making federal income tax payments has been postponed from 4/15/2020 to 7/15/2020. For consolidated groups and stand-alone C corporations, up to $10 million of tax payments can be deferred. For all other taxpayers, up to $1 million can be deferred, regardless of filing status. The relief only applies to federal income tax payments (including self-employment tax payments) due on 4/15/2020 for the 2019 tax year, and federal estimated income tax payments due on 4/15/2020 for the 2020 tax year. Payments made within the 90-day deferral period will automatically be exempt from interest and penalties. The IRS has not provided an extension for the payment or deposit of any other type of federal tax, or for the filing of any tax return or information return.