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Shownotes can be found at https://www.profitwithlaw.com/079.

On Friday, March 27th, President Donald Trump signed into law the Coronavirus Aid, Relief and Economic Act or the CARES Act. This episode is a re-purposed Facebook Live that goes into all the items in the bill that are relevant to a law firm owner.

• 2020 Recovery Rebate for Individuals - Learn how they will determine who gets this credit and when you can expect it.
• Delay of Certain Deadlines - Tax filing and payment deadlines extended to July 15, 2020.
• Special Rules for use of retirement funds - Find out about increased loan allowance, ability to withdraw funds penalty free and ability to withdraw funds and re-deposit within 3 years.
• Allowance of partial above the line deduction for charitable contributions - even if you don't itemize, you can deduct $300 in charitable contributions.
• Loans, loans, loans - learn the difference between the EIDL (Economic Injury Disaster Loan) and the PPP (Payroll Protection Plan) Loan and what steps you should take today.
• Relief for Student Loans - Learn how to get relief on your own loans as well as pay up to $5,250 to your employee's student loans as well.

Resources mentioned:

SBA COVID-19 ECONOMIC INJURY DISASTER LOAN APPLICATION - https://covid19relief.sba.gov/#/

Exclusive podcast community offer to join the Law Firm Growth Incubator for just $27/month. It will never be offered at this price again. - profitwithlaw.com/incubator

COVID-19 LiveStream Signup - For Any of the Topics Listed Below - https://www.profitwithlaw.com/covid

Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/

To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.

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