Interpretation of the Tax Impact of the CARES ACT on Individuals
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress with overwhelming, bipartisan support and signed into law by President Trump on March 27, 2020. This over $2 trillion economic relief package aims to provide appropriate economic and medical assistance to American individuals, families, and businesses affected by COVID-19, which includes:
Relief Rebates for the tax year 2020
Extension of Filing and Payment Due Date for 2019 US Federal Individual Income Tax
Modification of Limitations on Individual Taxpayer's Charitable Contributions during 2020
Early Withdrawal of Funds from Individual Retirement Accounts
Modification of limitation on losses for taxpayers other than corporations
Special Note
This event will be conducted entirely in Chinese.
This event will be held online using WebEx. Attendees will receive codes and instructions on how to join the event 1 day in advance.
Questions can be submitted via this event's registration form and will be provided to the speakers on a non-attributable basis.