It’s important to note that the above represents current rulings and common interpretation of the CARES Act, and that certain aspects of the law may change as additional guidance and clarification is still being issued. The CARES Act was rapidly enacted in response to the worsening pandemic and its effects and we will continue to monitor updates as the implementation of the Act continues to unfold.
We hope that this brief summary helps to spread awareness surrounding available relief for those who need it. We encourage you to pass this article along to anyone you know who you think would benefit from this information. If you want to read in more detail about the above provisions, please see our full article here.
There are many nuances as well as additional provisions of the law that are not covered above. We recommend you reach out to your Round Table Wealth Advisor for a more comprehensive look at how the CARES Act can help your unique circumstances and to review the actions that should be taken to receive needed relief.