Helpful Articles on the Stimulus

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Below are links to two helpful articles regarding the stimulus

This one is a calculator to determine how much you will get. You will need your most recently filed return (2018 or 2019) to determine the income

Stimulus Calculator

The second is a concise overview of the program. Note that the payment is an ADVANCE of a 2020 tax credit so there will be a form to file next year to reconcile amounts already received if you did not get the full amount. Guidance is coming soon so stay tuned:

All About the Stimulus

Will the One Year Limit on Temp Assignments be Lifted During the COVID Crisis?

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This is a legitimate question for healthcare and other critical needs professions that are asked to stay on at a facility, or quarantined longer than a year in one geographic area (metro, not state).

The reason this is important is that per diems are taxable after one year of service in the same metro area.

Currently, none of the recent legislation has changed this rule, although an influential tax law firm reached out in early March with the suggestion ( see Request to Liberalize Away From Home Rules see page 5-6).

As of March 26, 2020, there has been no change in policy.

Stay tuned for further developments.