Activity:

There has been a lot going on the past couple of weeks/months. This is true for tax law as well. Congress has passed a number of bills recently in an effort to address challenges associated with coronavirus, and these bills contain numerous tax law changes, some of which are retroactive to 2019 or before. Isn't tax fun? It's like playing a game where the rules constantly change, sometimes even after the game is over.

For the extra credit assignment, please research the recent tax law changes implemented as part of the coronavirus-related bills that were recently enacted (currently there are 3 bills - the Coronavirus Preparedness and Response Supplemental Appropriate Act, the Families First Coronavirus Response Act, and the Coronavirus Aid, Relief and Economic Security Act; there is talk of a fourth bill). Make a list of at least 5 recent tax law changes contained in these bills and provide an explanation of each change. Cite your sources.