Coronavirus Tax Updates | Ed Slott and Company, LLC

Coronavirus Tax Updates

COVID-19 RETIREMENT ACCOUNT RELIEF

As the United States faces the COVID-19 pandemic, the federal government has responded with tax-filing relief and massive stimulus packages. Both actions include details that may impact your retirement accounts. Here is what you need to know in 2021 as it relates to your retirement savings:

March 29, 2021: 2020 IRA Contribution Deadline Extends to May 17

January 11, 2021: The New COVID-19 Stimulus Law Does Not Extend CARES Act

Good Advice is Essential in Uncertain Times

Do you have questions about your own situation? During these uncertain times, good advice is more important than ever. A qualified financial advisor can guide you through the new rules and help ensure you are best positioned to survive these unprecedented days.

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