According to the National Retail Federation, 8 in 10 consumers will celebrate Mother’s Day, and spending could exceed last year’s total. The coronavirus has changed the way we think of Mother’s Day, with 78% saying it’s more important to them this year, even though many are dealing with real financial hardships, health concerns, and other burdens. Social distancing means that 66% are likely to celebrate virtually.
Happy Mother’s Day to all moms!
Alert: Follow coronavirus-related federal tax changes for your business through the IRS.