CARES 2 Proposed Items
*These items will be updated, discussed-with final details expected August 7, 2020
*Financial assistance to schools $110 Billion in financial aid to the states and the respective Governors offices to allow for increased needs in retrofitting schools to re-open with necessary requirements.
*Payroll Tax Cut Details still to be decided upon.
A few important updates:
Deadline for Tax filing, pushed to July 15th
IRS Notice 2020-18 Relief for Taxpayers has extended the 2019 tax filing and IRA contribution deadline from April 15th, to July 15th
Important Changes due to the CARES Act:
Important information regarding distributions: