@npierson7 wrote:
There is official information about that yet.
The "official information" is the amendment offerd by Senator Schumer to the COVID relieve bill that passed the US Senate and had been sent to the House. The House has not yet agreed to it.
It will not become law until the House passes it and the President signs it. Then the IRS will have to write the new regulations and develop the forms and procedures to implement it. Probably months away.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
