Tax Provisions in the CARES Act

The following is a summary of the tax provisions included in the CARES Act that was signed into law on March 27, 2020.   BUSINESS TAX PROVISIONS: EMPLOYEE RETENTION CREDIT FOR EMPLOYERS SUBJECT TO CLOSURE DUE TO COVID-19 (SECTION 2301) Eligible employers can claim a refundable payroll tax credit equal to 50% of qualified wages […]

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