Coronavirus

High-deductible Plans Cover Costs for Coronavirus

You can use high-deductible health plans (HDHPs) to pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment, without jeopardizing their status and you may continue to contribute to a health savings account (HSA).

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Tax Returns and Estimated Taxes Now Due July 15

Due to the coronavirus pandemic, the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. In addition, the payment and return-filing requirements for gift and generation-skipping transfer taxes due April 15 are now due July 15, matching postponements granted to federal income taxes and returns.

Many states have also extended their tax deadlines and payments for a number of taxes in response to COVID-19. Please call for additional information.

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CARES Act Overview: The Impact on Taxpayers and Businesses

CARES Act Overview: The Impact on Taxpayers and Businesses

The Senate has passed and the House is expected to vote Friday on the latest COVID-19 relief bill: Coronavirus Aid, Relief, and Economic Security (CARES) Act. The bill brings with it several elements of relief expected for businesses, employees, and families in an effort to maintain livelihoods throughout the crisis and after. The expected cost of the bill is nearly $2 trillion and includes nearly $500 billion for economic distress relief for companies.

For funding dedicated to taxpayers and businesses, the bill currently includes provisions related to taxes, unemployment, small business loans, and a large business lending program. Below is a summary of what we know so far about the bill. This must still get approved by the House and signed by the President, so some provisions may change.

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Stay Informed About the Coronavirus — A Comprehensive Guide

New York City Comprehensive List of Contacts and Agencies for Coronavirus Help

by New York Assemblywoman Linda Rosenthal

My office is fielding many calls from constituents with questions about unemployment insurance. The State is aware that there is a substantial wait time for online or phone inquiries and is actively working to hire more staff to handle the increased demand. More detailed information about unemployment insurance is below.

In addition to the anxiety caused by COVID-19, the social isolation that accompanies the voluntary quarantines and social distancing can cause stress, anxiety and even depression. In addition to changes to vital programs and services listed below, I have also tried to provide access to mental health services. If you or anyone you know is experiencing suicidal thoughts, please contact immediately the National Suicide Prevention Lifeline – 1-800-273-8255.

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