Several news outlets have now confirmed that the filing deadline for 2020 will be extended by at least a month. The AICPA and other groups have been asking since February to have the date extended but the IRS insisted it would not extend the deadline until now.
The IRS is citing large volumes of un-processed returns and recent changes for their decision to delay the filing deadline.
The IRS has yet to comment directly…stay tuned.
Read more here.
It has been several days since the expiration of the additional $600 Federal Unemployment Benefit and as of now it is anticipated that an agreement to re-instate the benefit at the $600 is likely by this Friday, August 7th.
This afternoon, The House of Representatives passed the $1.9 Trillion Relief Bill. The Bill is expected to be signed into law by Friday.
Saturday, the Senate approved a bill that would spend $1.9 Trillion on direct payments, jobless benefits, and state and local aid.
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