Congress Responds to COVID-19: Extended Income Tax Payment Deadline, Refundable Payroll Credit for Certain Employers, and More Stimulus to Come

Relief for American taxpayers amid the COVID-19 outbreak came in two forms on Wednesday, March 18, 2020. First, IRS action to postpone the April 15 income tax payment deadline. Second, Congress enacted the Families First Coronavirus Response Act (H.R. 6201), which provides for a refundable payroll tax credit for small…