Resources 

IRS Stimulus bill - individuals (direct payments as early as April 6)

• Individuals making up to $75k annually would be eligible for $1,200 (this is phased out at $99k annual income)
• Married filing joint couples making up to $150k annually would be eligible for $2,400 (this is phased out at $198k annual income)
• An additional $500 per child under 17 added to the above (unclear if there's a limit on # of kids)
• Income levels would be based on 2018 tax returns or 2019 tax returns, if already filed

​News article (as of 3/25/20)

IRS Stimulus bill - businesses

• Employers are eligible for a credit based on 50% of qualified wages paid up to $10k (for "disrupted" businesses that saw a 50% drop in revenue)
• Employers can defer the 6.2% Social Security payroll tax

​News article (as of 3/25/20)

IRS tax filing and payment deadline pushed back to July 15

• IRS pushed back tax payments 90 days to July 15
• The deadline to file was just pushed back 90 days as well to July 15 (updated 3/20/20)
• 2020 1st quarter estimated taxes also now due July 15

​IRS Tax Payment Deadline (as of 3/21/20)

Franchise Tax Board postpones Tax Deadlines until July 15
FTB is postponing until July 15 the filing and payment deadlines for all individuals and business entities for:

• 2019 tax returns
• 2019 tax return payments
• 2020 1st and 2nd quarter estimate payments
• 2020 LLC taxes and fees

FTB News releases (as of 3/18/20)
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SBA low-interest loans to small businesses

• Criteria was revised to allow faster, easier qualification processes for states seeking SBA disaster assistance
• SBA loans offer loans with long-term repayments
• If all employees are kept on payroll for eight weeks the SBA will forgive the portion of the loan used for payroll, rent, mortgage interest, or utilities.
  
• Up to 100% of the loan is forgivable if used for the above mentioned expenses. 
  

SBA Disaster Assistance
Small Business Guidance & Loan Resources
Disaster Loan Assistance Form

California Department of Tax and Fees Administration (CDTFA) offers relief to businesses that report Sales Tax

• Businesses can request an extension for filing a return
• ​Requests for relief of interest and penalties can also be made online 

CDTFA State of Emergency

EDD Unemployment claims for individuals affected

• Employees can file Unemployment Insurance claims for reduced hours or shut down operations
• Employees who are sick or quarantined due to COVID-19 may file for disability
• Employees who are unable to work because they are caring for an ill or quarantined family member with COVID-19 can file for paid Family Leave
• Employers experiencing a slowdown in their businesses or services as a result of the Coronavirus impact on the economy may apply for UI Work Sharing Program
• Employers cannot require an employee who is quarantined to exhaust paid sick leave
• If an employee has a child whose school or day care closes for reasons related to COVID-19 they may be eligible for up to 40 hours of leave

EDD Support Services
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​Property Taxes - County of Santa Clara 

• April 10th deadline is not extended, but penalties will be waived due to reasonable cause and circumstance
• ​Property owners can take advantage of a partial payment option 

Department of Tax and Collections (as of 3/18/20)

California Governor Issues Stay at Home Order throughout the State of California

• Started 3/19 and in effect until further notice
• Essential services will remain open

Stay at Home Order (as of 3/19/20)

Shelter in place - County of Santa Clara 

• Essential services to remain open 
• Prohibits all non-essential gatherings 
• Orders cessation of all non-essential travel

Shelter in Place Order (as of 3/16/20)
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