The IRS extended the tax filing deadline for 2020 from April 15th to May 15th. The question that we are getting from business owners, retirees, and individuals taxpayer are:

1)      Are my 1st Quarter Estimated Tax Payments Due On 4/15 or 5/15?

2)      When is the deadline for making IRA contributions for 2020?

3)      When is my 2020 tax liability due: April 15th or May 15th?

4)      How are the $10,200 in tax free unemployment benefits begin handled? Do you have to amend your 2020 tax return?

DISCLOSURE: This is for educational purposes only. This is not tax advice. For tax advice, please consult your tax professional. 

About Michael……...

Hi, I’m Michael Ruger. I’m the managing partner of Greenbush Financial Group and the creator of the nationally recognized Money Smart Board blog . I created the blog because there are a lot of events in life that require important financial decisions. The goal is to help our readers avoid big financial missteps, discover financial solutions that they were not aware of, and to optimize their financial future.