Irs Debt Relief Coronavirus

In addition to the extension of tax day to july 15 2020 the irs wants to offer taxpayers relief for tax debt.

Irs debt relief coronavirus. Cares stimulus and relief package. On march 11 2020 the irs announced that high deductible health plans hdhps can pay for 2019 novel coronavirus covid 19 related testing and treatment without jeopardizing their status. Tax deadlines federal checks debt relief paid sick leave and more coronavirus measures mar 20 2020 mar 20 2020 updated aug 20. Coronavirus relief for tax payments delinquent returns and debt.

We continue to process returns and issue refunds but we are experiencing delays due to limited staffing. You may get a second. You got one 1 200 check. Get up to date status on affected irs operations and services.

Contact your student loan servicer to request a refund. 1 200 coronavirus covid 19 relief checks. Stay updated on these changes to make sure you avoid tax problems while also taking advantage of the coronavirus tax relief programs that are available. Covid 19 tax relief for student loan borrowers.

Here is a rundown of the most impactful debt relief options in the stimulus bill. Ir 2020 59 march 25 2020 to help people facing the challenges of covid 19 issues the internal revenue service announced today a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions. You can get a refund for any student loan payments made since march 13 2020. Latest updates on coronavirus tax relief irs mission critical functions continue.

The coronavirus aid relief and economic security cares act is a 2 trillion package of measures introduced in march 2020 in response to the covid 19 pandemic. Of course this refund is optional. The irs or state tax agencies may extend some of these tax relief programs or make further changes depending on the economic disruption caused by the coronavirus outbreak. This also means that an individual with an hdhp that covers these costs may continue to contribute to a health savings account hsa.

Here is what some of those relief steps look like. You probably shouldn t count on it.