President Donald Trump signed into law the historic Coronavirus Aid, Relief and Economic Security (CARES) Act, a $2 trillion stimulus package to provide economic support to both individuals and businesses during the ongoing coronavirus crisis.
This massive legislation goes far beyond tax policy changes to encompass a wide range of unemployment extensions and enhancements, and direct payments to nearly all Americans.
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- Expanded and enhanced unemployment insurance
- Paycheck protection program
- Individual tax credits
- Refundable payroll tax credit
- Emergency business loans