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COVID-19 Update

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ECONOMIC IMPACT PAYMENT

The IRS is committed to helping individuals get their Economic Impact Payment (stimulus payment) as soon as possible.

Please visit: https://www.irs.gov/coronavirus/economic-impact-payment-information-center for all information that you need to know about the Economic Impact Payments.

If you are a non-filer, please visit: https://www.irs.gov/coronavirus/economic-impact-payments - here you will find an application to provide simple information so you can get your payment.

According to the IRS, in mid-April, you will be able to check the status of your payment, confirm your payment type, and enter bank account information if your payment has not been sent yet - please visit https://www.irs.gov/coronavirus/economic-impact-payments


PAYCHECK PROTECTION PROGRAM

An SBA loan (possibly forgiveable loan) that helps businesses keep their workforce employed during the COVID-19 crisis. Please visit https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp for additional information and details. Please contact your banker regarding submitting an application.


FEDERAL INCOME TAX CHANGES

The deadline to file and pay 2019 Federal income taxes has been extended to JULY 15, 2020.

Federal estimated tax payments for 1st and 2nd quarter 2020 have also been extended to JULY 15, 2020.

Please visit https://www.irs.gov/coronavirus/coronavirus-tax-relief-and-economic-impact-payments-for-individuals-and-families and https://www.irs.gov/faqs/estimated-tax/individuals/individuals-2


IOWA INCOME TAX CHANGES

The deadline to file and pay 2019 Iowa income taxes has been extended to JULY 31, 2020.

Iowa estimated tax payments for 2020 have NOT been extended - they are still due as normal.

Please visit https://tax.iowa.gov/iowa-extend-filing-and-payment-deadline-income-tax-and-other-tax-types and https://tax.iowa.gov/COVID-19


MINNESOTA INCOME TAX CHANGES

The deadline to file and pay 2019 Minnesota income taxes has been extended to JULY 15, 2020.

Minnesota estimated tax payments for 2020 have NOT been extended - they are still due as normal.

Please visit https://www.revenue.state.mn.us/our-response-covid-19.


NEBRASKA INCOME TAX CHANGES

The deadline to file and pay 2019 Nebraska income taxes has been extended to JULY 15, 2020.

Nebraska estimated tax payment for 1st quarter 2020 has also been extended to JULY 15, 2020.

At this time, the Nebraska 2nd quarter estimated payment due June 15, 2020 remains due June 15, 2020.

Please visit https://revenue.nebraska.gov/businesses/frequently-asked-questions-about-income-tax-due-date-extension.