Covid 19 C.A.R.E.S. Act

Tax Information

On March 27, the President signed H.R. 748 the Coronavirus Aid, Relief, and Economic Security Act or "CARES" Act that provides financial assistance for individuals and businesses as well as tax changes to relieve some of the financial burden as a result of the Covid19 pandemic.

This page is specifically designated to help individuals, self-employed individuals, and business owners answer all their questions regarding stimulus payments, loans provided by the SBA, as well as other resources necessary for economic survival while the pandemic recedes.

Keep in mind that some of these rules are not final. They are subject to change based on the condition of the economy and needs of every taxpayer and business. We will try to update all information as soon as changes come to us.

Click on any of the links below pertinent to your situation for details and information

Economic Stimulus

For Individuals

How much will my stimulus payment be?

Tax Changes

For Individuals

What credits are going

to benefit me?

Emergency Funds For Businesses

What are they and how

do I qualify?

Tax Credits For Businesses

What new deductions are available for economic help?

© 2016 - 2020 by The LM Company, Inc. Tax and Accounting Services