Gather the latest information regarding COVID-19 and your taxes
Coronavirus (COVID-19) and Economic Impact Payments
Economic Impact Payments
IRS started issuing Economic Impact Payments in April. Be sure to keep the notice you received regarding your Economic Impact Payment with your 2020 tax records. These notices are mailed to each recipient’s last known address within 15 days after the Payment is made.
Anyone who does not receive a payment this year – including those who are not normally required to file a federal tax return will need to wait until next year and claim it as a credit on your 2020 federal income tax return.
Taxpayers can claim the recovery rebate credit on their tax year 2020 tax return in 2021 if they didn't receive a payment or if their payment wasn't the correct amount.
Coronavirus-Related Paid Leave for Workers
You are entitled to paid sick leave, either to tend to your own health needs or to care for a family member. Read the IRS press release on paid sick leave.
Employer Tax Credits
Many businesses that have been severely impacted by coronavirus (COVID-19) will qualify for new employer tax credits PDF – the Credit for Sick and Family Leave and the Employee Retention Credit.
Coronavirus-Related Paid Leave for Workers and Tax Credits for Small- and Mid-Size Businesses
The Families First Coronavirus Response Act PDF gives all American businesses with fewer than 500 employees funds to provide employees with paid leave, either for the employee's own health needs or to care for family members. Get details on paid leave for employees.