Ladder Up thanks Francine J. Lipman, a William S. Boyd Professor of Law at University of Nevada, Las Vegas for compiling this summary.
The CARES Act was just signed into law, including a number of individual income tax provisions. Here are some details on the Recovery Rebate Tax Credit:
In light of the recent Disaster Proclamation issued by Governor JB Pritzker and by his direction, the Illinois Department of Revenue (IDOR) is following the federal government in providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 Outbreak.
The filing deadline for Illinois income tax returns has been extended from April 15, 2020, to July 15, 2020.
To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions.