Breaking Down the 2020 CARES Act

Dylan Potter, CFP® VICE PRESIDENT, WEALTH MANAGER

Understanding the $2 trillion federal stimulus package's various provisions and how they might impact you.

White building with red aid sign

As you likely know, the federal government, led by Congress and signed into law by President Trump, recently passed a stimulus bill to help those affected by the devastating COVID-19 outbreak.  It is known as the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, and it contains financial support for businesses (especially those industries hit hardest) and employees, as well as individuals and families.

A Quick Primer on the provisions of the CARES Act:

2020 CARES Act Primer

Source: Coronavirus Aid, Relief, and Economic Security Act

The information in this document is not intended as legal or tax advice. Consult with your tax advisor for specific tax planning or your business banking advisor for specific business planning. 

Dylan Potter

Dylan is a partner, Vice President and Wealth Manager at Howe & Rusling.

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