Employees May Defer Social Security Taxes
September 22, 2020
Recent Treasury guidance permitting employers to defer employee Social Security taxes has been widely reported in the media. READ MORE
Flexibility with Retirement Plan Assets and Charitable Giving Among CARES Act Changes
April 28, 2020
In addition to the recovery rebates provided to individuals, supplemental unemployment benefits and payroll assistance given to small businesses, the third coronavirus relief package, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provided other important tax relief to individual taxpayers. READ MORE
Economic Impact Payment Information Center
April 20, 2020
Millions of Americans have already received their Economic Impact Payments (Payments) authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The Internal Revenue Service (IRS) continues to calculate and automatically send the Payments to most eligible individuals, however some may have to provide additional information to the IRS to get their Payments. READ MORE
COVID-19 Related Tax Credit Questions
April 9, 2020
COVID-19-Related Tax Credits for Required Paid Leave Provided by Small and Midsize Businesses FAQs READ MORE
TurboTax offers free tool to help Americans who don’t file taxes get stimulus payments
April 6, 2020
Online tax preparation service TurboTax has launched a free stimulus registration website so that Americans who do not typically file tax returns can get their relief checks faster. READ MORE
Coronavirus and Forbearance Info for Students, Borrowers, and Parents
April 6, 2020
We at the U.S. Department of Education (ED) office of Federal Student Aid are actively monitoring the new coronavirus/COVID-19 outbreak. On March 27, 2020, the president signed the CARES Act into law, which, among other things, provides broad relief for federal student loan borrowers. READ MORE
COVID-19 Payroll Resources
March 30, 2020
We have broken down the differences between the many payroll resources available to employers. READ MORE
House Passes and President Signs the CARES Act
March 30, 2020
On March 27, the House passed by voice vote, and the President signed, a third Coronavirus relief package, the Coronavirus Aid, Relief, and Economic Security Act. The Senate had previously passed the Act on March 25 by unanimous vote. The bill contains many tax related provisions. READ MORE
Employee Retention Credit for Employers
March 27, 2020
Under the newly passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act), additional payroll tax credits and tax payment deferrals are included to improve cash flow and employee retention. READ MORE
EFMLA and COVD-19
March 25, 2020
If your employees are being affected by the coronavirus and are not able to work due to self-quarantine, caring for an at-risk family member who is self-isolating, or caring for their children due to school or childcare closures, you might be required to pay them under Expanded Family Medical Leave or Emergency Paid Sick Leave that was enacted on March 18, 2020. READ MORE
April 15th Due Date for Returns & Payments Postponed to July 15, 2020
March 25, 2020
The due date for filing Federal income tax returns and making Federal income tax payments due April 15, 2020, has been postponed to July 15, 2020. Taxpayers do not have to file any forms for the extension. READ MORE
Filing & Payment Deadlines Questions & Answers
March 24, 2020
In Notice 2020-18 (PDF), the Treasury Department and the Internal Revenue Service (IRS) announced special Federal income tax return filing and payment relief in response to the ongoing Coronavirus Disease 2019 (COVID-19) emergency. Below are answers to frequently asked questions related to the relief provided in the Notice. READ MORE
Coronavirus Tax Relief
March 19, 2020
The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus. This page will be updated as new information is available. READ MORE
