The CARES Act and Nonprofits

March 31, 2020
US Capitol Building

On Friday, March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act). We have put together a summary of some key provisions of that Act affecting nonprofits, including changes to emergency grants and loans, relief for nonprofit employers, charitable giving incentives, provisions affecting UBTI calculations, tax filing and payment delays, and individual relief that may affect nonprofit employees.

Click here to continue reading
.

For information on the regulations announced on April 3, 2020 by The Small Business Administration, please read our alert, "SBA Issues Interim Final Rules on Paycheck Protection Program"

News & Resources

Article
2023 Personal Tax Planning Update
Article
Massachusetts Charitable Contributions Deduction Takes Effect
Article
Important Retirement Account Changes Under the SECURE 2.0 Act of 2022