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Getting Ahead
1st Quarter 2020


In this issue:

How to Jumpstart Your COVID-19 Victory Garden

Federal Tax Relief Measures Related to the Coronavirus

Should I Cancel My Summer Vacation or Fall Trip?

How to Jumpstart Your COVID-19 Victory Garden
 

GardenDuring World War II, Americans were urged to plant "victory gardens" as the nation faced potential food shortages. Popularized by women’s clubs and patriotic posters, the movement caught on, and an estimated 40 percent of the nation’s supply of fresh vegetables were soon produced in backyards, front yards, church lots and school grounds. The COVID-19 crisis has yet to seriously threaten the food supply, but the sight of empty grocery store shelves has led to calls for "corona victory gardens."

"As the war ended, and lawns took over American backyards, those earnest posters of cheery home gardeners and fierce-looking vegetables became a relic of wartime scarcity - until a few weeks ago," said The New York Times during the first week of spring.

In Modern Farmer's humble opinion, growing food at home is always a good idea, crisis or not.

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Federal Tax Relief Measures Related to the Coronavirus

  TaxThe $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act) delivers good news to individuals and businesses, including meaningful tax relief.

The tax relief offered by the CARES Act is over and above the tax relief offered by the earlier Families First Coronavirus Response Act (FFCRA).

Finally, the IRS has graciously postponed some federal tax payment deadlines and some federal tax return filing deadlines. Thank you for that, but we think there’s more that needs to be done and we think more probably will be done. Stay tuned.

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Should I Cancel My Summer Vacation or Fall Trip?
 

CanceledIt's been months since the new COVID-19 reality, and the question of when we'll travel again remains nebulous.

Many travelers are wondering: Should I cancel my summer vacation or fall trip? Or should I postpone? When do I make the final call? When you choose to rethink your travel plans can impact the amount of money you're able to recoup and the flexibility you'll get in rebooking.

We spoke to three industry experts about what to consider - and when to start the process - when it comes to postponing and rebooking your summer and fall travel plans over the next six months. Here's what they said.

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