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The Trump administration’s $349 billion small-business rescue kicked off Friday surrounded by concerns about its ability to handle an expected flood of applications and deliver enough aid to mom-and-pop firms hit hardest by the coronavirus pandemic.April 3
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Some of the most contested pieces of the 2017 tax overhaul are being revisited as the White House and Congress begin to discuss another round of economic stimulus, including restoring the break for entertaining business clients and lifting the cap on state and local deductions.April 2
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One possible move is getting rid of the limit on state and local tax deductions, or SALT, that was part of the 2017 tax overhaul.March 31
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President Donald Trump said he wants to restore corporate tax deductions for business meals as restaurants reel from the impact of the coronavirus outbreak.March 30
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The payments are one of the central provisions of the $2 trillion stimulus package awaiting a Senate vote.March 25
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U.S. District Judge Trevor McFadden in Washington issued a stay on the tax case Friday — the second in two months — to wait for a full federal appeals court.March 20
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Tax forms and payments won’t be due to the Internal Revenue Service until July 15 this year, Treasury Secretary Steven Mnuchin said in a tweet, as the government looks for ways to respond to the coronavirus.March 20
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Treasury Secretary Steven Mnuchin tweeted Friday that President Trump has directed him to move Tax Day to July 15, giving taxpayers more time to file their taxes in the midst of the coronavirus pandemic.March 20
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The relief is only for income taxes, and doesn't change any filing deadlines.March 18
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The administration is also planning $1,000+ stimulus checks.March 17
