MEDIA ALERT – $2.2 Trillion Coronavirus Economic Stimulus and Relief Legislation Enacted; Includes Rebate Checks That May Be Larger Than You Think
WOLTERS KLUWER S/ADR (WTKWY)
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Source: Business Wire
Wolters Kluwer experts available to discuss potential tax implications of key provisions in the legislation enacted in response to the Coronavirus COVID-19 NEW YORK--(BUSINESS WIRE)--Today, the US Congress passed its third and by far the largest piece of legislation in response to the Coronavirus COVID-19 pandemic, and the President has signed it into law. The “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act) includes relief and economic stimulus for individuals and businesses and is the most expensive piece of legislation ever enacted by Congress.To help tax and accounting professionals better understand the tax implications of this historic legislation, Wolters Kluwer Tax & Accounting has issued the “CARES Act” tax briefing highlighting key provisions impacting business and individual taxpayers.The Recovery Rebate ChecksOne of the key provisions for individuals is recovery rebate checks of up to $1,200 for individuals and $2,400 for joint filers, plus $500 for each
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