The Coronavirus Aid, Relief and Economic Security (CARES) Act was passed by Congress and signed into law on March 27th, 2020. Some of the key aspects are explained below.
Recovery Rebates: Taxpayers who filed a 2018 or 2019 tax return and included their bank information on their return will receive a direct deposit of $1,200 per individual ($2,400 per couple) plus $500 per chil