When Congress passed the Coronavirus Aid, Relief and Economic Security Act in late March, media attention focused primarily upon newly-created stimulus funds and expanded unemployment benefits. As a result, the CARES Act also temporarily expanded the tax benefits associated with charitable contributions for the individual taxpayer. Traditionally, taxpayers fell into one of two categories with respect to the financial implications…
At this point, the Coronavirus Aid, Relief, and Economic Security Act is old news. Passed on March 27, 2020, the legislation was intended to provide some measure of relief to Americans as the COVID-19 pandemic began to take hold in the United States. Of course, there are divergent opinions on how well it met this goal, but it is important…
