President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law on March 27, 2020. The CARES Act allocates $2.2 trillion for assistance to individuals, business, and hospitals economically impacted by the Coronavirus (COVID-19) pandemic.
What does that mean for you individually? Answers to many of the most commonly asked questions regarding
the stimulus credit, unemployment benefits, student loans, retirement accounts and more are provided below.
Do you have a small business that is now struggling or has been forced to close its doors? There are financial aid provisions designed
with you in mind as well. Loan and payroll credit options will help qualifying businesses meet payroll, pay the rent and more.
To further help people facing the challenges of COVID-19 issues, the Internal Revenue Service has announced
the People First Initiative . This program provides relief to taxpayers on a variety of issues ranging from easing
payment guidelines to postponing compliance actions.
Copyright © 2020 Save Moore Tax & Accounting Services, Inc. Clinton, IL - All Rights Reserved.