The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which became law on March 27 is an estimated $2 Trillion package aimed to provide economic relief and stimulus for individuals and businesses. The CARES Act contains numerous tax provisions affecting individuals and businesses, including:
- Retirement Plan and IRA Adjustments
- Charitable Contributions
- Automatic 2019 Filing & Payment Extensions
- Business-Related Tax Benefits
- Cash Payouts to Individuals
