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Recent Updates (As of 4/01/20)
Coronavirus Stimulus Update: The CARES Act, was passed into law on 3/27 and provides up to $1,200 for individuals, $2,400 for joint taxpayers, and an additional $500 for each qualifying child.
Federal Tax Updates
The federal tax filing deadline has been extended to July 15, 2020.
The federal tax payments deadline and 2020 first quarter estimated tax deadline have been extended to July 15, 2020.
The deadline for making contributions to your IRA for 2019 has been extended to July 15, 2020.
State Tax Updates
Most state tax deadlines have moved to July 15, 2020 following the federal tax deadline
Stimulus Package Updates
Stimulus checks will be up to $1,200 for individuals, $2,400 for joint taxpayers, and an additional $500 for each qualifying child, for those eligible
Amounts will be based on information from your most recent tax filings, either 2019 or 2018 if you have not yet filed this season.
Account Force recommends you file your 2019 tax return now and, if you are getting a tax refund, choose direct deposit, so the IRS has the most recent information.