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Tax Relief Provisions Under the CARES Act

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