Alterra Advisors
Tag: CARES Act
Why This Isn’t the Next Great Depression
We don’t see this as the next Great Depression. Why? Well, historically, major economic downturns have different causes, but one common thread separates the Great Depression from each subsequent recession and recovery.
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You Can Skip Your 2020 RMD…But Should You?
The recently passed CARES Act allows you to skip your Required Minimum Distributions (RMDs) from all retirement accounts this year. These distributions, required for retirement account owners over age 72 (increased from age 70½ by the SECURE Act), are taxed as income, so forgoing your 2020 distribution is a chance to lower your taxes. The… Read More »
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PPP vs EIDL – Which CARES Act Program is Right for Me?
The CARES Act provides a wide range of support to struggling small businesses. But which program is right for you? Here’s a guide to help navigate your options.
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CARES Act and Tax Deadlines – 6 Coronavirus-Related Changes to Know
With so many feeling the effects of the COVID-19 quarantine, federal and state governments are moving to help. Here are a few of the notable tax deadline changes and stimulus efforts in the recent Coronavirus Aid, Relief, and Economic Security (CARES) Act. Tax deadlines, IRA & RMD changes, stimulus efforts, small business relief options and more.
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