I always get a little panicky when I think about Income Taxes. My investment guy, Rick, at Ameriprise, watches my accounts and makes sure that most of my “income” won’t generate taxes due. My portfolio earned a nice amount in 2019, so I was/am concerned.

Because of the virus shutdowns, I knew there was an extension for all taxpayers extending the tax due date to July, nevertheless I feared that my owed amount might really be significant so I called my CPA today. Marie, my accountant, told me she wasn’t looking at my account but felt certain from memory that I’m getting a refund!!

I am relieved. I know my portfolio has really taken a hit because of the impact on the economy by the virus. Thank heavens in the past few days it’s shown some recovery.

Apparently I’ll be getting the $1,200 incentive from the government and now a refund from my taxes. Great news!