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Internal Revenue Service Announces they have Disbursed Approximately 90 Million Economic Impact Payments

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Federal income tax filing due date for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021

the staff of the Ridgewood blog

Washington DC, Federal income tax filing due date for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The Internal Revenue Service, the U.S. Department of the Treasury and the Bureau of the Fiscal Service also announced they disbursed approximately 90 million Economic Impact Payments from the American Rescue Plan. As announced last week, Economic Impact Payments are rolling out in tranches to millions of Americans in the coming weeks.

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Internal Revenue Service Says New Jersey’s SALT “Charitable Tax Dodge ” a No Go

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the staff of the Ridgewood blog

River Vale NJ,Assemblywomen Holly Schepisi , “Several months ago I raised concerns that the IRS would disallow NJ’s proposed charitable contribution of property taxes workaround. I implored my fellow legislators to stop pushing gimmicks and instead focus on much needed reforms to how we fund schools, reforms to our pension and health benefit programs, reestablishing caps on property taxes and working to change how we fund things in this State while reducing our expenses. ”

Continue reading Internal Revenue Service Says New Jersey’s SALT “Charitable Tax Dodge ” a No Go