The Coronavirus Aid, Relief, and Economic Security Act aka “CARES Act” was signed into law on March 27, 2020.

Individuals may be entitled to $1,200 checks ($2,400 for individuals filing a joint return) and $500 for each qualifying child under age 17 if certain income requirements are met. Did you know these checks are actually designed as a credit on your 2020 Tax Return?

Our video below discusses these checks in further detail.