Journal of Taxation of Financial Products
The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which was designed to support individuals and businesses affected by the COVID-19 pandemic, was signed into law on March 27, 2020. This article summarizes various tax provisions in the CARES Act. Except as otherwise noted, the changes made by the CARES Act apply regardless of whether a taxpayer has personally suffered any adverse effect of the COVID-19 pandemic.
A version of this article was originally published by Chapman and Cutler LLP on April 9, 2020, and was republished by the Journal of Taxation of Financial Products in July 2020. The republished article is linked below with permission.
