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What is the income tax deadline for 2021?

For the second year in a row, the IRS has extended the tax deadline due to the coronavirus pandemic.

The Treasury Department and the Internal Revenue Service are providing special tax filing and payment relief to individuals and businesses in response to the unusual circumstances related to the pandemic.

The filing deadline for tax returns has been extended from April 15, 2021, to May 17, 2021.

Despite the extension, the IRS is encouraging taxpayers who are owed a refund to file as quickly as possible. Filing electronically with direct deposit is the quickest way to get refunds, and it can help some taxpayers more quickly receive any remaining stimulus payments they may be entitled to.

For those who can’t file by the May 17, 2021 deadline, the IRS reminds individual taxpayers that everyone is eligible to request an extension to file their return.

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Could coronavirus vaccination numbers double in March?

Despite the slow roll-out of COVID-19 vaccination in the U.S., the pace of vaccination has begun to pick up across the country. U.S. vaccine supply is running at about 11 million doses per week, with an average of 1.7 million doses being administered per day; shots are now getting into people’s arms as fast as they’re becoming available.  This is in part due to the easing of vaccine supply constraints, as the Biden administration has released more doses and provided more predictability to states, and production schedules have sped up.

Still, the number of people eligible in states is increasing, and these next few weeks will be critical ones in the race to vaccinate as many people as possible, due to continued spread of COVID-19 and the emergence of viral variants.  Given what we know about projected supply, where could we be with vaccination by the end of the first quarter of this year (March 31)?

To answer this question, we looked at the number of doses estimated to be delivered by Pfizer and Moderna, the two manufacturers with authorized vaccines in the U.S., between now and the end of March. The U.S. has purchased 600 million doses (300 million from each company) which, given the two-dose regimen required by these vaccines, is enough to vaccinate 300 million people. 

Even without the addition of any new vaccine, this would go far in achieving U.S. population immunity (though it is widely expected that the FDA will authorize Johnson &Johnson’s one shot vaccine soon, increasing supply to more than enough to reach the entire U.S. population).

Pfizer has said that it expects to deliver 120 million doses to the U.S. by the end of March, 20 million ahead of its original schedule. Moderna has said it will deliver 100 million doses.  Assuming these production schedules hold, that means that 220 million doses, enough to fully vaccinate 110 million people, will be delivered within a month and a half from today.

To date, just over 70 million doses have been delivered to states. This leaves close to 150 million doses still to be delivered by the end of March, which translates into about 3.3 million doses, on average, per day between now and then, or almost double the recent pace of daily vaccinations.

This could substantially ease waiting lists for vaccination appointments and accommodate broader eligibility, assuming the distribution system continues to expand and smooth out as well.Figure 1: Estimated Average Daily Doses Administered in the United States: Current and Projected​

States have been picking up the pace of vaccinations in recent weeks, suggesting that some early snafus are being resolved, although equity is still lagging across the country. In addition, there continue to be widespread reports of people being confused about where to get vaccinated and having difficulty getting appointments, and states are at very different stages of vaccinating their populations. It’s difficult to know, however, how much of the problem is rooted in an inadequate supply versus the complexity of the distribution system itself.

The Biden Administration is stepping up federally-organized distribution channels, including direct partnerships with retail pharmacy chainsmass vaccination sites and health centers. As supply increases, those mechanisms will likely become increasingly important in getting more people vaccinated in a race against the spread of viral variants.