What you need to know:

There’s plenty of information circulating about the tax ramifications of the Coronavirus outbreak—some of it accurate, and some of it not. Below, we’ve compiled the latest breaking news and FAQs regarding taxes and financial changes due to the Coronavirus.

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Wondering how COVID-19 will affect your taxes?

COMMUNITY TAX ALERT: Economic Impact Payments The following special alert from Community Tax contains important information regarding the stimulus payment you are entitled to. As you may have heard, the…

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Wondering how Covid-19 will affect your taxes? Call us today to find out.

Business Owner Posts

Learn more about how COVID-19 will affect your business taxes.

Paycheck Protection Loan: How to Obtain Your SBA Paycheck Protection Program Loan

5 Quick Steps to Obtaining a Paycheck Protection Loan from The SBA By this point, most small business owners and operators are aware of the Paycheck Protection Loan Program (PPLP)…

Wondering how Covid-19 will affect your business taxes? Call us today to find out.

Individual Taxpayer Posts

Learn about how COVID-19 will impact your taxes.

Declaración de impuestos para el cheque de estímulo; cómo recibir el cheque por el coronavirus

ALERTA DE COMMUNITY TAX: Pagos por impacto económico La siguiente alerta especial de Community Tax contiene información importante sobre el pago de estímulo al que tiene derecho. Como habrán oído,…

Coronavirus Check FAQs: How to Receive & When to Expect a Coronavirus Stimulus Check

Weighing in at a whopping $2 trillion in federal spending, the recently passed CARES Act is one of the most expensive — and expansive — pieces of legislation in our…

Simple Tax Return for Stimulus Check: How to Receive Your Coronavirus Stimulus Check

COMMUNITY TAX ALERT: Economic Impact Payments The following special alert from Community Tax contains important information regarding the stimulus payment you are entitled to. As you may have heard, the…

FAQs: Taxes and COVID-19

Will tax refunds be delayed due to Coronavirus?

No. The IRS is continuing to process tax returns and issue refunds. If you’re able to file your taxes, you should do so. Filing online is the fastest way to receive your tax refund, and the IRS says that those who file online typically receive their refunds within 21 days via direct deposit.

Does everyone get a Coronavirus tax relief check?

To be eligible for a stimulus payment from the Feds, you need to meet the following requirements:

  • You must have filed a tax return for tax year 2018, 2019 or have a 2019 Form SSA-1099, Social Security Benefit Statement, or Form RRB-1099, Social Security Equivalent Benefit Statement
  • Your AGI in 2018 (or 2019) must be below the threshold for your filing status
  • You must be a legal resident
  • You must not be claimed as a dependent on someone else’s tax return*
  • Everyone on your return must have a valid SSN

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Learn more about the latest breaking news regarding taxes and financial changes due to the Coronavirus.

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