cares act application


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  • When did the CARES Act of 2021 come into effect?

    It was signed on March 27, 2020. The Consolidated Appropriations Act of 2021, at $900 billion in COVID-related spending and $2.3 trillion in total spending, extended many of the benefits available under the CARES Act and included a refundable tax credit of $600 per family member. It went into effect on Dec. 27, 2020.

  • What does cares stand for?

    The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides the Economic Development Administration (EDA) with $1.5 billion for economic development assistance programs to help communities prevent, prepare for, and respond to coronavirus.

  • When does the CARES Act expire?

    The CARES Act was the first piece of coronavirus legislation to place a moratorium on foreclosures and evictions. The expiration date was extended numerous times. However, on Aug. 26, 2021, the Supreme Court rejected the latest extension requested by the CDC.

  • What is the CARES Act & how does it work?

    President Donald Trump signed the bill into law on March 27, 2020. The CARES Act authorized direct payments of $1,200 per adult plus $500 per child for individuals making up to $75,000, heads of households making up to $112,500, and couples filing jointly making up to $150,000.

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