The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act contains a significant number of provisions that will impact individuals and businesses. The new law is a daunting 880 pages long, but it contains lots of good news. We will discuss the Coronavirus Stimulus Rebate, who qualifies and for how much. New treatment for retirement withdrawals will also be covered. For tax year 2020 and 2020 only, certain taxpayers are able to request a tax-free distribution of up to $100,000. This new law allows seniors to skip their required minimum distributions. Lastly, we will discuss the payroll protection program loan for small businesses.