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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
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:
Below is a link to their web page discussing the new filing and payment laws
Below is a link to the current state tax filing and payment deadlines. The Trump administration has already directed the IRS to extend the filing and payment deadlines for 2019 tax year returns to July 15, 2020, but not all state governments have joined the party.
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.
I’ll add more as I see them
Hertz Rental offering 30-day free car rentals: Free Rentals
Hilton offering housing for first responders and healthcare workers: Hilton Rooms
IRS (US) tax filing and payment deadlines are now July 15 for individuals and corporations. Canada Revenue Agency and Revenu Quebec tax filing deadline is June 1 and tax payment deadline is September 1.
