New tax laws due to

Corona Virus Pandemic

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Cares Act
Summation

As the far-reaching effects of COVID-19 continue to impact us, the federal government and the IRS have implemented new tax credits and extended important deadlines.

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Tax Deadline
Extended

As the far-reaching effects of COVID-19 continue to impact us, the federal government and the IRS have implemented new tax credits and extended important deadlines.

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Payment
Scenarios

Here are 10 scenarios for various situations. Hopefully one will fit your circumstance.

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Retirement
Accounts

In general, retirement plan account owners must withdraw required minimum distributions (RMDs) annually starting with the year they reach 72 (70½ if you reach 70½ before January 1, 2020). The CARES Act suspends RMDs for 2020. What does this mean?

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In A Nutshell

The government is working fast and furiously to get needed financial relief to you as soon as possible. The recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides that relief in a number of ways.

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Medical &
Healthcare

The CARES Act (H.R. 748) is designed to provide economic relief for American citizens and business due to the COVID-19 healthcare emergency that has greatly impacted the U.S. economy. In addition to the stimulus checks and unemployment benefits the bill provides, the legislation also expands how workers can use their healthcare benefits accounts.

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