WASHINGTON (AP) -- The IRS will delay the traditional April 15 tax filing due date until May 17 to cope with added duties and provide Americans more flexibility.

The IRS announced the decision Wednesday and said it would provide further guidance in the coming days.

The move provides more breathing room for taxpayers and the IRS alike to cope with changes brought on by the pandemic.

The decision postpones when individual taxpayers must file their return and when their payment is due.

The IRS said taxpayers who owe money would not face any further penalties or interest if they pay by May 17.

LOOK: Here are 25 ways you could start saving money today

These money-saving tips—from finding discounts to simple changes to your daily habits—can come in handy whether you have a specific savings goal, want to stash away cash for retirement, or just want to pinch pennies. It’s never too late to be more financially savvy. Read on to learn more about how you can start saving now. [From: 25 ways you could be saving money today]
Get our free mobile app