Crisis in Process – and Important Tax Changes
In recent weeks we’ve seen some significant changes to tax rules for 2019 and 2020. These efforts were made to help stem some of the fallout from the COVID-19 pandemic, which continues to make its way across the United States and the world.
An Upswing in Markets and an Economic Intervention
Markets were sharply up as of Wednesday, March 25 on expectations that a stimulus bill would swiftly get through Congress. It was the first back-to-back gain for equity markets since February. On Tuesday, the Dow Jones Industrial Average had its largest single-day gain since 1933.
Important Update Regarding Taxes
In light of the news about COVID-19 and the efforts we are all taking to slow its transmission, issues around financial planning and taxes might seem like far-off concerns. To that end, we’ll keep this brief and topical with important news about tax filing deadlines – and some good news about the role of donor-advised funds in troubling times.