On March 27, Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) in response to the COVID-19 global pandemic. The bill is a $2+ Trillion dollar fiscal stimulus package that was designed to help ease the significant economic damage this disease has caused. The bill, being almost 900 pages long, has too many aspects to explain appropriately in this format, so we are going to highlight the major components of the bill that may be more significant to households.


What’s in the CARES Act?

Financial Assistance for Corporations, States, and Municipalities

Financial Assistance for Small Businesses

Tax Incentives

Direct Payments to People

Unemployment Benefit Expansion

Aid to Health Care Professionals and Hospitals


The key provisions of the CARES Act that are directed toward households include:


infographic of CARES act 2020*Click to make image larger