Thursday, April 2, 2020

Ginny Saville on CARES Act (Coronavirus Relief)

(editor's note - The following was written by Ginny Saville, founder/owner/operator of The Botany Bay stores in Central KY. You can also find The Botany Bay on Facebook and Instagram.)

I spent my morning outlining my understanding of the important parts of CARES Act for regular people, small business owners and individuals. This is a long post, read if you are interested. It tweaked a lot of rules about retirement plan withdrawals and contributions, charitable contributions, and how businesses can deduct interest and losses, in addition to these things that affect the most of us.