As part of the government’s response to the coronavirus, the tax deadline has been extended. Melanie Ross, CFP®, with NCA Financial Planners joins WTAM 1100 to discuss some things you should know about your taxes.
1. What’s new?
2. Why should I NOT delay?
3. What about state taxes?
4. What if I can’t pay by the deadline?
With the uncertainty on how long this virus will last, the latest news of major cities moving into "shelters" and changes in the markets, it's no wonder you feel stressed. If you feel like you can’t take the heat any longer, what should you do?
The Federal Reserve this week announced a 50 basis point cut to its target rate as an emergency response to economic concerns stemming from the coronavirus. This is the Fed’s first emergency rate cut since 2008.
Aired: 3/3/2020 - WTAM 1100 News Radio