CARES Act – Income Tax Implications

CARES Act – Income Tax Implications

Reading Time: 6 minutes COVID-19 Tax Update The CARES Act includes many income tax implications for both businesses and individuals. Below are summaries of the top provisions from this new legislation. Section 2303 – Modifications for Net Operating Losses The CARES...
Tax Cuts and Jobs Act of 2017 – Individual Impact

Tax Cuts and Jobs Act of 2017 – Individual Impact

Reading Time: 9 minutes The Tax Cuts and Jobs Act of 2017 significantly impacts all individual taxpayers generally starting in the 2018 tax year. Most of the tax reform related to individual taxpayers is temporary as many of the tax provisions sunset (i.e. expire)...