Great news for those of you who are in need of a grace period during these unparalleled times. The IRS has extended the tax filing dates. The new deadline to file your federal income tax is May 17, 2021.
Under The Coronavirus Aid, Relief, and Economic Security Act, homeowners with federal mortgages have the option to defer their mortgage payments for six months. The only condition is that borrowers contact their lender and substantiate any information supporting their claim of a financial hardship resulting from the pandemic.