CARES Act for Individuals

April 2, 2020

As the COVID-19 pandemic has affected life in ways we couldn’t imagine, the deadly virus and efforts to contain the spread have prompted a significant government response. The CARES Act is intended to combat the economic risks associated with a slowdown in individual spending, and helps businesses of all sizes avoid closures and employee layoffs. It also provides necessary funds to help support states and municipalities. Some of the notable provisions include:

  • Paycheck Protection and Small Business Relief 
  • Unemployment Assistance   
  • Recovery Rebates for Individuals 
  • Penalty-Free Distributions From Retirement Accounts
  • Temporary Waiver of RMDs
  • Relief for Student Loan Borrowers
  • Support for Impacted Industries/ General Economic Support 

For more detailed information, view the .PDF below.
Looking for the more information on the CARES Act regarding businesses? Find it here.

CARES Act for Individuals
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