Apparently, 2021 also is the year of COVID-19. Dang it!
After dominating our lives for most of 2020, the deadly coronavirus pandemic has shown no signs of letting up, especially since too many people decided to give it a boost by leaving their self-isolation pods and visiting family and friends over the December holidays.
And that's led to this, the ol' blog's third Coronavirus (COVID-19) and Taxes page as we enter the new year. If you want to check out previous COVID-related tax posts, you can head on over to the original page with the March-July 2020 designation or the second one with posts from August-December 2020.
I suspect there might be a fourth page later this year if we can't get ourselves (yes, I am looking at all you fools who don't wear masks and insist on congregating in close quarters) and the virus under control. But let's keep our fingers crossed that we don't need any 2022 versions!
Although there are (for now) three COVID and taxes pages, a couple of things stay the same on all.
First, the items are listed with the most recent post first.
Secondly, this page, like its COVID counterparts, starts off with posts from Don't Mess With Taxes because, well, it's my blog! Then the other sections with coronavirus links from official government websites, professional associations, law and accounting firms, and tax policy think tanks follow.
OK, enough with the housekeeping. Let's get to this third collection of coronavirus tax+ matters.
- W&M members ask IRS to extend April Tax Day deadline (Feb. 19, 2021)
- IRS issues guidance on added flexibility for COVID-affected flexible spending accounts (Feb. 18, 2021)
- 8 reasons to wait to file your 2020 taxes. Yes, a COVID relief payment is #1 (Feb. 17, 2021)
- Biden's proposed Child Tax Credit increase in COVID relief plan gets support … and questions (Feb. 13, 2021)
- COVID PPE counts toward teachers' expenses tax deduction (Feb. 5, 2021)
- Can't remember how much COVID payment you already got? Find it at your online IRS taxpayer account (Feb. 3, 2021)
- Taxpayer Advocate seeks equal debt treatment for all COVID relief payments (Jan. 30, 2021)
- EITC claiming option: use 2019 or 2020 income (Jan. 29, 2021)
- 7 reasons to file your tax return early. Yes, claiming a COVID-19 relief payment is #1 (Jan. 25, 2021)
- 6 small business tax breaks in current COVID relief law (Jan. 23, 2021)
- Is the IRS ready to deliver more COVID relief payments? Its commissioner is optimistic (Jan. 22, 2021)
- Don't overlook student loan tax break on amounts paid before COVID relief (Jan. 21, 2021)
- A look at what, aside from $1,400 per person, is in Biden's COVID relief plan (Jan. 16, 2021)
- IRS says it did a pretty good job in a COVID-affected year (Jan. 9, 2021)
- IRS adds info to COVID debit card envelopes to distinguish them from junk mail (Jan. 8, 2021)
- Undeliverable COVID-19 payments offer another scam route (Jan. 6, 2021)
- Got COVID relief money questions? The IRS has updated its online answers (Jan. 5, 2021)
- If you don't get your COVID money by Jan. 15, you'll have to claim it on your 2020 tax return (Jan. 4, 2021)
There also are some posts since the beginning of the pandemic that tangentially reference COVID-19's effects on taxes, but not enough so to make the official coronavirus cut for inclusion on this page.
If you're interested in seeing those, you can browse the new Coronavirus COVID-19 category. The posts above (as well as those on the other coronavirus pages) will show up, too, but just keep scrolling to find others that didn't make this coronavirus tax specific list.
Now to other off-blog resources.
First, there are the official government sites. The image above recommends Coronavirus.gov, which basically is a landing page (like this), so below are my suggestions.
Internal Revenue Service (IRS): Coronavirus Tax Relief and Economic Impact Payments
Centers for Disease Control and Prevention (CDC): Coronavirus (COVID-19)
Social Security Administration (SSA): Social Security & Coronavirus Disease (COVID-19)
Federal Trade Commission (FTC): Coronavirus - What the FTC is Doing
Health and Human Services (HHS): COVID-19 Portal
Consumer Financial Protection Bureau (CFPB): A guide to COVID-19 economic stimulus relief
Department of Education (Ed): COVID-19 ("Coronavirus") Information and Resources for Schools and School Personnel
Food and Drug Administration (FDA): Coronavirus Disease 2019 (COVID-19) Frequently Asked Questions
Federal Emergency Management Agency (FEMA): Coronavirus (COVID-19) Response (note the rumor control section)
U.S. Postal Inspection Service (USPIS): Coronavirus/COVID-19 Related Scams
And, of course, there are other sites following the pandemic's tax effects.
Many of my fellow tax bloggers are doing great jobs tracking the intricacies of COVID-19 tax changes. So are the members of the great #TaxTwitter community.
But in order to keep this page from following the excessive pieces of coronavirus legislation when it comes to length, I've focused below on web pages posted by professional firms, associations and other taxcentric entities that are providing valuable coronavirus-related tax information and advice.
National Association of Tax Professionals (NATP): COVID-19 Tax News & FAQ
Thomson Reuters: COVID-19 resource center
Deloitte: COVID-19 tax policy updates
EY US: Responding to COVID-19
Grant Thornton: COVID-19 Resource Center
RubinBrown: Coronavirus Preparedness Resource Center
Institute on Taxation and Economic Policy (ITEP): COVID-19 Tax Policy Resources
Avalara: COVID-19 Tax Relief Roundup
Employee Benefit News (EBN): Coronavirus Impact
But wait, there are more: Naturally, things will change as the virus itself and our tax reactions to it evolve, so I'm asking for your help.
I know I've missed some good sites. Please let me know. I'll probably see your suggestions sooner if you let me know via Twitter where, in case you don't know, I'm @taxtweet. You also can drop me an email note.
I'll update this page as regularly as I can. You'd think that I'd have more time by essentially being on house arrest during Austin's coronavirus stay-home order, but it seems that the hours in the days also are affected by these bizarre circumstances (and my discovery of new things to stream).
Thanks for your assistance and patience. And, of course, be safe!
Taxes are important, but they are just taxes. The well-being of everyone and your families is everything, the only thing.
Original post began April 4, 2020