Emotions are powerful drivers of distortions in time perception. Recent work continues to support arousal and attentional mechanisms of emotion-driven temporal distortions. A possible memory-related mechanism and various modulatory factors, such as age, gender, and psychopathology, have also been implicated in such distortions. Beyond the rich behavioral literature on this topic, neurobiological substrates associated with emotion-driven temporal distortions have begun to be identified and represent an important next step for research within this domain. The study of emotion-driven temporal distortions holds great promise for advancing our understanding of this perceptual phenomenon and how it may play a functional role in mediating changes in cognition, behavior, and emotion.