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Because of the coronavirus, individual and corporate taxpayersnow have until July 15 to file and pay their 2019 taxes and firstquarter 2020 estimated tax. The IRS has also given reliefon certain actions pertaining to retirement plans and health savings accounts.
HSAs and retirement plans
Here's a cheat sheet of the Internal Revenue Service's adjusteddeadlines for retirement plans and HSAs:
Contributing money to retirement plans –deadline July 15: People now have more time tocontribute money to their individual retirement accounts for 2019.Since the due date for filing federal income tax returns has beenpostponed to July 15, the deadline for making contributions to IRAsfor 2019 has also been extended to July 15.
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Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
