The CARES Act signed into law on March 27 contained a number of tax provisions designed to provide assistance to individual taxpayers. In addition to direct monetary payments and an expansion of unemployment compensation benefits, the legislation authorized a number of changes to existing tax law and rules for retirement plans that can offer much-needed financial relief.
This on-demand webinar provides a high level overview of:
- Economic impact rebates
- Retirement plan distribution changes
- Waiver of Required Minimum Distribution rules
- Modifications for charitable contributions, student loans, and medical expenses
Watch the rebroadcast:
We are also regularly updating our COVID-19 Resource Center, which you can access here. If you have any questions about these or any other matters, please do not hesitate to contact your Kreischer Miller professional or any member of our team.
Information contained in this alert should not be construed as the rendering of specific accounting, tax, or other advice. Material may become outdated and anyone using this should research and update to ensure accuracy. In no event will the publisher be liable for any damages, direct, indirect, or consequential, claimed to result from use of the material contained in this alert. Readers are encouraged to consult with their advisors before making any decisions.