On March 25 and March 27 the U.S. Senate and House of Representatives, respectively, passed the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”). The President signed the CARES Act into law shortly after and without hesitation. The CARES Act contains numerous tax-related provisions directed at both individuals and businesses. Additionally, the CARES Act contains a number of amendments to provisions found in the Tax Cuts and Jobs Act of 2017 (the “TCJA”).
In addition to this act, tax filing and payment extensions were approved.
Read more here for additional United States – specific tax measures.