Tag Archives | COVID-19

Cash Payments and Tax Relief for Individuals in New Law

A new law signed March 27 provides a variety of tax and financial relief to Americans during the coronavirus (COVID-19) pandemic. The CARES Act provides an eligible individual with a cash payment of: $1,200 ($2,400 for eligible married couples filing jointly) plus $500 for each qualifying child. The payment is reduced by 5% of adjusted […]

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Individuals get Coronavirus (COVID-19) Tax and Other Relief

Taxpayers now have more time to file their returns and pay any tax owed because of the coronavirus (COVID-19) pandemic. The IRS announced that the filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer making federal income tax payments, due on April 15 until July 15, […]

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COVID-19 and Your Tax Returns

As you are undoubtedly aware, the country and our community has been coming together in an unprecedented way to contain, reduce and slow the spread of COVID-19. We are encouraged by this cooperation and hoping for the best outcomes possible. With the help and cooperation of everyone in our office, and in our community, we […]

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