IRS :Stimulus Check Even if Return Not Filed for 2019 or 2018

The confusion about receiving the stimulus check by people who did not file tax return for 2018 or 2019 or are not required to file tax return owing to low income or exempt income has been cleared by IRS through notice IR-2020-61 which is updated regularly. Following answers are based on the frequently asked questions …

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High-deductible health plans for 2019 Coronavirus (COVID-19)

The Internal Revenue Service today advised that an individual with an HDHP or high-deductible health plans, may continue to contribute to a health savings account (HSA) can pay for 2019 Coronavirus (COVID-19)-related testing and treatment, without jeopardising their status. In┬áNotice 2020-15 (PDF), the IRS informed that health plans that otherwise qualify as HDHPs will not …

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