WASHINGTON — Treasury Secretary Steven Mnuchin announced on Friday the IRS has officially moved Tax Day to July 15.

The announcement will give extra time for individuals and businesses to file their taxes.

“We are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties,” Mnuchin said.

The administration had announced earlier in the week that it would delay the payments, a move that Mnuchin said would leave $300 billion in the economy at a critical time.

 “I encourage all taxpayers who may have tax refunds to file now to get your money,” Mnuchin said.