Last mentioned: Mar 18, 2026
Claim Deadline
Final window for many taxpayers to file for refunds based on the 3-year statute of limitations.
Kwong v. US Ruling
Federal court determines IRS should have paused deadlines during the emergency.
Revised Filing Deadline
The 'Emergency + 60 days' deadline established by the Kwong ruling.
Emergency Declaration Ends
The federal government officially terminates the COVID-19 disaster status.
Pandemic Emergency Begins
Official start of the COVID-19 public health emergency in the United States.
A landmark federal court ruling has redefined pandemic-era tax deadlines, potentially invalidating billions in penalties and interest assessed by the IRS between 2020 and 2023. The decision in Kwong v. United States allows individuals and corporations to seek refunds for charges previously considered settled, with major firms like Western Digital already filing multi-million dollar claims.
Investors are navigating a complex Wednesday session as major players in biotech, semiconductors, and leisure release pivotal updates. Market attention is centered on Moderna's pipeline diversification and SanDisk's recovery in the memory sector, signaling a shift toward fundamental-driven trading.