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Click here to go backThe Coronavirus Aid, Relief, and Economic Security Act,
“The CARES Act” provides tax relief to individuals and businesses
After days of furious negotiations, Congress has passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The $2.2 trillion price tag for tax relief and incentives for individuals and businesses makes it the most expensive piece of legislation ever passed. It includes the greatly anticipated provision for recovery rebate credits to individuals. Here are some of the major aspects of The CARES Act.
You may have many questions about how this will affect you and your taxes.
If you have any questions, please give us a call.
We are here to help.
Anderson, Spector and Co PC
Identity Fraud Alert:
- The IRS NEVER demands payment over the phone from credit/debit cards
- The IRS NEVER emails you.
Please share with your friends and family.
If you ARE a victim of Identity Theft you need to let your tax preparer know. You may be required to paper file your return and there are other concerns that we can help with as you work through the process of recovery.