The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”)
Limitation on Business Interest
The CARES Act temporarily increases the limitation on interest deductions imposed by the Tax Cuts and Jobs Act (TCJA). The CARES Act increases TCJA’s adjusted taxable income threshold from 30% to 50% for tax years 2019 and 2020.
[/vc_column_text][/vc_column][/vc_row]