TaxAudit Blog

Tag: COVID-19

Covid-19 401k Distribution

Under the CARES Act, you can receive a “qualified coronavirus-related distribution” from your retirement plan and avoid the 10% penalty on early distributions.

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woman distressed about tax bill

Thankfully, for those who owe federal income taxes on their 2019 individual income tax return or are on the hook for prior tax years, help has arrived.

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American Flag with United States Treasury check and two $100 bills

President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The bill includes tax-related provisions for individuals and businesses.

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Calendar with April 15th marked as Tax Day

On March 20, 2020, U.S. Treasury Secretary Steven Mnuchin announced that the Treasury Department is extending the filing deadline for 2019 tax returns.

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