The CARES Act Executive Summary

Main tax and nontax provisions on one page

John P. Gimigliano

John P. Gimigliano

Principal, Washington National Tax, KPMG US

+1 202-533-4022

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law by President Trump. The largest fiscal stimulus in U.S. history, the act represents approximately $2.2 trillion, far exceeding the size of the prior two COVID-19 response bills.

More than 800 pages in length, the CARES Act includes a numerous tax and nontax provisions intended to help business and individuals mitigate the impact of COVID-19. This executive outlines the main provisions one page.