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 […]
Tag Archives | COVID-19
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, […]
VERMONT DEPARTMENT OF TAXES RELEASES GUIDANCE FOR UPCOMING VERMONT TAX DUE DATES
The Governor has directed the Commissioner of Taxes to exercise his authority to provide relief to Vermont businesses who owe Meals and Rooms Tax or Sales and Use Tax until further notice. Many of our local businesses find themselves unable to meet the March 25 and April 25 filing deadlines due to the implementation of […]
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 […]
