Financial News & Pandemic Impact: July 15 Tax Deadline & Housing Market Outlook

Financial edition

In today’s digest we are looking at the financial impact of the pandemic: on the nearing July 15 Tax Deadline, Families First Coronavirus Response Act (FFCRA), and projections for the housing market in the weeks to come. 

1. Make the most of the July 15 tax deadline

By Roger Russell

Normally May and especially June aren’t the months for tax strategies for the current year returns. But the times aren’t normal. Every day we wake up to new additions to the current legislation on the economic response, and it plays a big role for taxpayers and tax professionals.

When the tax filing date was moved from April 15 to July 15, 2020 New York tax preparer John Sheeley said “That gives an additional 90 days to fund all IRA contribution types, including SEP IRAs,” adding that the filing date change also extends the ability to make contributions to qualified retirement plans, and health savings accounts.

Roger Russell at Accounting Today looks at what can be done now to make the most of the updated date that is nearing. 

2. Coronavirus Response Act Labor Law Poster Requirement

By Gary DeHart

Important updates to the Families First Coronavirus Response Act (FFCRA) Poster show that all private employers, as well as certain public employers, must display the new federal workplace posting from April 1, 2020, through December 31, 2020. There’s more to know, head to the article on Insightful Accountant for more. 

3. HouseCanary Market Pulse Monitors US Housing Market Volatility Since the Start of the Coronavirus Pandemic

By Businesswire.com

Current listings show a sign of recovery. 

Learn more from HouseCanary analysis for Business Wire in this week’s article. 

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