The IRS is giving Americans a three-month reprieve on paying their taxes this year as the Trump administration tries to shield the country’s economy from the ravages of the coronavirus.

Taxpayers will have until July 15 to pay their 2019 bills instead of the usual April 15.

The administration, working through the president’s national emergency declaration, will also waive interest and penalties during that time.

Treasury Secretary Steven Mnuchin, speaking at a White House briefing on the virus, said individuals who owe up to $1 million and companies that owe $10 million or less will be eligible.

Mnuchin also encouraged Americans who are expecting a refund to file as usual.

During the briefing, Mnuchin and Trump said they are also working out a stimulus plan with Congress that would send every American a check in as soon as two weeks.