The Federal Government has passed and the President has signed the new CARES Act to provide financial relief to Americans individually and business during this crisis. Coming in at 880 pages, here is a helpful break down of what this means for you.
The Federal Stimulus Package
On March 27, 2020, President Trump signed a $2.2 trillion dollar coronavirus stimulus package. The “CARES Act” includes, among other things: direct payments to individuals, expanded unemployment benefits, suspension of student loans payments, and loans and grants to businesses.
direct payments to individuals
California's Legislature is continually seeking ways to relieve individuals and businesses from the financial hardships that may come from this crisis. Here is a comprehensive list of resources for businesses and individuals to reference for financial help in these trying times.
Health and Safety
The Centers for Disease Control and Prevention (CDC) provides interim guidance for businesses and employers.
The California Department of Public Health has posted COVID-19 guidance for specific industries.
Cal/OSHA has posted guidance to help employers comply with existing workplace safety…
LOS ANGELES (CNS) - An Orange County assemblyman today unveiled legislation to make military Survivor's Benefits tax-exempt in California, while three Southland senators announced a bill that would exempt military retirement pay from the state income tax.
``It is absolutely wrong that California taxes the meager financial support provided to the surviving spouses and children of our nation's heroes,'' said Assemblyman Steven Choi, R-Irvine. ``California is one of only two states that taxes this support as income.''
SACRAMENTO - Assemblyman Steven Choi (R-Irvine) today announced that he introduced legislation to make military Survivor’s Benefits tax exempt in California.
“It is absolutely wrong that California taxes the meager financial support provided to the surviving spouses and children of our nation’s heroes,” said Choi. “California is one of only two states that taxes this support as income.”
AB 2380 simply makes support derived from Survivor’s Benefits tax-exempt income within California. Specifically, the bill protects the 29,855 children and spouses that are currently in California, have lost…