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What Recent Legislation Means for You

The CARES Act, signed into law on March 27, 2020, makes significant assistance available to churches, religious organizations, and their employees. Portico offers the following summary to help guide you through, based on our current reading of the statute. Because the IRS or other administrative agencies may issue future guidance causing this information to change, and since every taxpayer's situation is unique, we encourage you to consult with an accountant or attorney familiar with the unique status of your taxes before taking action.

Please check back frequently. Originally published on April 2, 2020, these CARES Act FAQs will be updated as new information becomes available.

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