Month: March 2020

Common FAQs On Tax Stimulus Checks

When will I get my check? Checks are supposed to be produced “as rapidly as possible.” Mnuchin has hinted they will come in April, but it’s been suggested that could take up to two months. One thing that is true: if you use direct deposit, you’ll get your money faster.

Wait, how does a phaseout work?

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The CARES Act (Recently Passed Stimulus Bill)

As you likely have heard, in response to the unfolding COVID-19 global pandemic, Congress has passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the President signed it into law on March 27, 2020. It is a $2 trillion emergency fiscal stimulus package designed to help ease the impact of this health crisis on American workers, businesses and the economy. At Atlanta Financial, we have summarized the new law for you and tried to answer some frequently asked questions we hear from individuals as well as business owners.

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Federal Income Tax Filing & Payment Deadline Extended

In light of current events and potential financial difficulties caused by the COVID-19 outbreak, the Internal Revenue Service (IRS) has postponed the 2019 federal income tax filing and payment deadline until July 15, 2020. [1] [2] [3]  Federal income tax payments due on April 15 2020 are now due July 15, 2020 without penalties and interest regardless of the amount owed (up to $1,000,000 for individuals). Taxpayers do not need to file an extension unless they need additional time beyond the July 15, 2020 deadline.

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Hear How Atlanta Financial Makes Life’s Journey Richer

Atlanta Financial TV is home to a variety of videos that allow clients and associates to obtain knowledge, insight and experience. Tune in to learn more about our approach to comprehensive wealth management.to comprehensive wealth management.

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