Tax Provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act

Summary

This article provides a detailed discussion of the tax provisions of the CARES Act. The Act is the third piece of legislation intended to address economic impacts of the Covid-19 global pandemic. It includes relief provisions for individuals and businesses, including several tax law changes designed to stimulate economic activity in hopes of avoiding, or at least minimizing, the impacts of the steps taken to try and slow the spread of the virus. The CARES Act also makes some technical corrections designed to address unintended results of the 2017 tax law changes.