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Prior to 2020, the use of a third party was required for IRS e-file, and it was not possible to e-file directly through the IRS website. [4] In 2020, the IRS made direct e-filing possible through IRS Free File Fillable Forms available to taxpayers of any income level.
In 2020, as a result of the economic fallout of the COVID-19 pandemic in the United States, the CARES Act was passed which temporarily and retroactively changed the NOL rules for the tax years between 2018 and 2020. [8] Specifically, NOLs from 2018, 2019, and 2020 could be carried back up to five years, resulting in tax refunds from prior years.
Net investment income tax: Net investment income is subject to an additional 3.8% tax for individuals with income in excess of certain thresholds. Tax returns: U.S. corporations and most resident individuals must file income tax returns to self assess income tax if any tax is due or to claim a tax refund.
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The World Bank said Iraq's poverty rate could double to 40 percent by the end of this year and that youth unemployment, currently standing at 36 percent, could rise to even higher numbers.
Tuesday, March 3: President Trump speaks to the press concerning the COVID-19 pandemic in the United States after Trump was criticized for his delayed response to the virus. Trump also disputed the World Health Organization's (WHO) official mortality rate for the virus of 3.4%, instead claiming the death rate to be "a fraction of 1%". [115] [116]