Gold prices made a small loss in London trade this week as commodities fell back with US bond yields following President-Elect Biden s plan for $1.9 trillion in US stimulus
Many people will be waiting for their tax refunds far longer this year than they ve come to expect, and this could be quite a shock as millions face financial hurdles during the pandemic.
On Friday, the Internal Revenue Service announced that the agency would only begin processing 2020 income tax returns as of Feb. 12. The official kickoff for tax season will be more than two weeks later than last year s start.
So anyone who is looking to pay bills and get a tax refund in early February is out of luck. Retailers who bank on a flood of cash from tax refunds early in the year to fuel consumer spending will face challenges, too.