Retroactive tax-relief measures under the CARES Act may open up amended return opportunities to recover taxes paid in prior years.
The CARES Act contains provisions that encourage charitable giving, including a new above-the-line deduction of up to $300 for charitable contributions by non-itemizing individuals in 2020.
The release by the SBA of the PPP forgiveness form for borrowers brought significant changes to the interpretation of some of the components of forgiveness.
IRS grants employees the ability to make midyear changes to some employer-sponsored health coverage, health flexible spending arrangements (FSAs), and dependent care assistance programs.
The CARES Act suspended the 2020 RMD requirement for defined contribution plans . What are the options for required minimum distributions taken before the CARES Act was enacted?
Congress passed the Paycheck Protection Program and Health Care Enhancement Act, providing an additional $484 billion of coronavirus relief.
The CARES Act provides Coronavirus-related exception to early withdrawal penalty and halts required minimum distribution requirement for 2020.
The SBA and Treasury Department continue to tweak and clarify information in the initial documentation that was released regarding the Paycheck Protection Program.
The CARES Act relaxes NOL and excess business loss rules, increases business interest deduction limit and corrects asset life of Qualified Improvement Property.
The CARES Act includes provisions for $300 charitable contribution deduction & student loan repayments made on behalf of employee by employer up to $5,250.
Eligible individuals will receive rebate payments ($1,200 to individuals and $2,400 to married filing jointly) via direct deposit or check if they filed a tax return or received social security payments in 2018 or 2019.
The CARES Act introduces the SBA Paycheck Protection Program and includes individual rebates, small business loans, increased unemployment benefits and tax breaks.
The CARES Act includes various forms of relief for employees and employers. Here are some of the HR and payroll-related highlights:
The CARES Act created new laws and guidelines, as well as made some revisions to the previously enacted Family First Coronavirus Response Act (FFCRA).
The Coronavirus Aid, Relief, and Economic Security (CARES) Act is expected to be signed into law this week, bringing relief for businesses, employees and families.
