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You can put a pause on mortgage, student loans, and taxes during coronavirus pandemic

World Health Organization has declared the coronavirus outbreak a pandemic
WISCONSIN — The Wisconsin Department of Health Services said Friday there are now 18 confirmed active cases of coronavirus in Wisconsin, including Milwaukee County's first cases.

As recently as Thursday, there were only 7 confirmed cases in the state.

On Friday, Gov. Tony Evers directed DHS to mandate the closure of all K-12 schools across Wisconsin - public and private.


The mandated closure will begin on Wednesday, March Milwaukee News18th to give school districts enough time to make plans for kids, families, educators, and staff.

According to the governor's office, school districts, particularly those in counties with reported cases of COVID-19, can choose to close earlier than Wednesday. The anticipated reopening date is April 6, 2020, but that could change as we learn more information.

"Closing our schools is not a decision I made lightly, but keeping our kids, our educators, our families, and our communities safe is a top priority as we continue our work to respond to and prevent further spread of COVID-19 in Wisconsin," said Gov. Evers.

On Thursday, Gov. Tony Evers declared a public health emergency for the state of Wisconsin. On Friday, Milwaukee and Waukesha Counties both declared emergencies of their own.

“We have been working aggressively to slow the spread of COVID-19, and this declaration allows us to get the resources we need to continue to be proactive when it comes to protecting Wisconsinites,” said Gov. Evers. “It is the latest step in the work our state agencies have been doing around the clock with our health care partners to prepare for the possibility of COVID-19 becoming a global pandemic.”

Williams said to find out if you qualify, you need to call your mortgage servicer, which is the company you pay your mortgage to. He said, to be clear, this doesn't mean you don't owe money later.

"This is not a mortgage holiday. You will have to repay the missed payments," Williams explained.

For those who have a federal student loan, during a press conference Friday, President Trump announced, the interest on those loans will be waived temporarily, and you also have the option of putting a pause on your payments.

"Secretary DeVos has directed federal lenders to allow borrowers to suspend their student loans and loan payments without penalty for at least the next 60 days, and if we need more, we will extend that period of time," President Trump said.

If you owe money in federal income taxes, the deadline to both file and Press Release Distribution Services In Milwaukee send in those payments has been extended.

Treasury Secretary Steven Mnuchin tweeted Friday, "At @realDonaldTrump's direction, 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 followed up with another tweet saying, "I encourage all taxpayers who may have tax refunds to file now to get your money."

TMJ4 News also reached out to Wisconsin's Department of Revenue, asking if the state filing date will also be extended. A spokesperson said the state agency would provide updates as it is able.

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