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The PM CARES Fund was initially announced as a public body, on its establishment, and the day after it was established, the Ministry of Corporate Affairs announced that donations to the fund would be eligible as corporate social responsibility (CSR) contributions, allowing companies to claim tax exemptions on donations to the Fund. [27]
Tax rebates as part of the Economic Growth and Tax Relief Reconciliation Act of 2001; Tax rebates as part of the Economic Stimulus Act of 2008; First coronavirus stimulus (called "EIP 1" by the IRS), as part of the CARES Act, March 2020; Second coronavirus stimulus ("EIP 2"), as part of the Consolidated Appropriations Act, 2021 (Dec. 2020)
The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
The CARES Act brings financial relief to small businesses that are struggling financially amid the COVID-19 outbreak. Some of the relief measures introduced include expanded SBA lending options ...
Although the federal government did not issue any economic impact payments -- aka stimulus checks -- in 2022, some states took it upon themselves to offer financial relief to eligible residents to...
CARES Act, enacted March 27, 2020; $2.2 trillion; HEROES Act, passed by the House of Representatives on May 15, 2020, but never enacted into law; $3 trillion; Consolidated Appropriations Act, 2021, enacted December 27, 2020; included $900 billion in COVID-19 relief; American Rescue Plan Act of 2021, enacted March 11, 2021; $1.9 trillion
The deduction — which was enacted under Section 419 of the Tax Relief and Health Care Act of 2006 and extended annually — was not renewed for the 2022 tax year and is no longer available to be ...
Coronavirus Aid, Relief, and Economic Security Act (CARES Act) – Includes $1200 stimulus checks, March 2020; Paycheck Protection Program and Health Care Enhancement Act – April 2020; Paycheck Protection Program Flexibility Act of 2020 – June 2020; A bill to extend the authority for commitments for the paycheck protection program – July 2020
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