7 CARES Act Tax Breaks for Businesses

7 CARES Act Tax Breaks for Businesses
Insure Covid

Kiplinger: By Joy Taylor, Editor | April 8, 2020

While stimulus checks, small business loans and expanded unemployment benefits have gotten the lion’s share of media coverage, there are also a number of important business tax breaks in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that haven’t received a lot of attention. Most of the new tax breaks are only temporary. Several of them tweak or reverse changes made by the 2017 tax reform law. All are designed to get coronavirus-ravaged businesses and workers back on their feet as quickly as possible. No matter what business you’re in, at least one of these seven tax breaks is likely to improve your bottom line and help you stay afloat.

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