CARES Act Summarized

A Look at the Major Provisions of the Coronavirus Aid, Relief, and Economic Security Act

As the stock market hit its lowest returns since the 2008 Financial Crisis, the government has stepped in in an attempt to boost the economy. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) produces roughly $2 trillion in relief funding, tax breaks and loans for individual Americans and businesses impacted by the COVID-19 virus.

After reading this guide, you'll walk away with a firm understanding of how the CARES Act impacts you – and how it's shaped to help the overall economy, including:

How the cash payment to individual Americans will work

The new programs aimed at helping small businesses

The opportunities introduced for retirement planning

The pause on payments for federal student loans

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