The coronavirus relief bill CARE Act passed by Congress incorporates multiple tax provisions and the extension of various expiring provisions. It also covers extensions and expansions of certain earlier pandemic tax relief plans. The relief temporarily allows 100% deductibility of certain business meal expenses. It also expands the $300 charitable contribution deduction for taxpayers who do not itemize, and enacts various disaster tax relief provisions.
To learn more , click here:
https://www.journalofaccountancy.com/news/2020/dec/tax-provisions-in-covid-19-relief-bill-ppp-and-bu...
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
