Tax News & Articles #taxes

Economic Impact Payments: What you need to know

The IRS has now extended the deadline for filing and paying federal income tax. The due date for any taxpayer with a federal income tax payment or a federal income tax return due April 15, 2020 is automatically postponed to July 15, 2020. Taxpayers do not have to file extensions. There is no limitation on the amount of the payment that may be postponed.

Summertime activities often affect the tax returns people file the following year. Here are some things taxpayers do during the summer along with tips they should consider now:

While children are excited for a three-month break from school, a summer break can cause panic and anxiety in parents. But then comes the blessed time of summer camp, when peace is restored for at least a few days.