As part of the recent CARES Act, Treasury has been directed to provide US taxpayers with an advanced tax credit (a.k.a. 'Stimulus Check"). Here is a brief explanation of how they work, who will get one, how much they will get, and some things you may want to consider to maximize your benefit.
Tax Credits for Sick Leave and Family Leave
Possibly the best kept secret in all this mess is that self-employed taxpayers who need to take sick leave or family leave as a result of the coronavirus / COVID-19 pandemic will now qualify for special new tax credits when they file their 2020 tax return. Learn how to qualify and how to calculate your credit in this short video.
Tax Season is Extended
In case you missed it, the tax filing and paying deadline is extended until July 15, 2020. To whom does this apply and what's the best way to take advantage of the situation? Learn from this short video!