On March 27, President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act into law. You are probably aware that many taxpayers will be receiving a $1,200 recovery rebate check, but Congress also made tax changes for both individuals and businesses to help stabilize the economy and earmarked $349 billion for loans to small businesses and some nonprofits with fewer than 500 employees.
These relief provisions will help bridge the financial gap caused by loss of revenue, loss of productivity due to layoffs, increased supply costs, and paid leave requirements.
Do you have questions about how to access small business aid or navigate the tax implications for yourself or your business?
Join NAHB during a series of member-only webinars on Thursday, April 2 and Friday, April 3 to learn what the CARES Act means for home builders.
Visit our registration page to learn more and register today.
There is limited capacity for these sessions, so be sure to register early. If the session you want to attend is full, the recordings will be available after the conclusion of the series.
As always, you can access the latest NAHB news and business resources to respond to this challenge in the Coronavirus Preparedness and Response section on nahb.org.