4 Tax Surprises From Coronavirus Financial Relief

Billionaire entrepreneur Jeff Bezos said: "Life's too short to hang out with people who aren't resourceful." If you've been creatively finding ways to make ends meet through the coronavirus pandemic, pat yourself on the back -- you're the type Bezos might include in his circle of friends. Unfortunately, being Bezos' type is no help when it comes to paying your taxes.

In March, the Treasury Department and the Internal Revenue Service (IRS) extended the federal tax filing date from April 15, 2020, to July 15, 2020. The extension also applies to federal income tax payments due on April 15; taxpayers can wait to pay those until July 15 also, without the usual penalties and interest. Thanks to those extensions, you might be ignoring the whole topic of taxes right now, especially if the coronavirus pandemic has you seeking out new sources of income to pay your bills.

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