Amanda Wilson Comments on Business Tax Breaks Under the CARES Act
- May 11, 2020
- / Author Name
- / Media Coverage,Coronavirus COVID-19 Task Force,Tax
Articles published by Business Insider and Industry Leaders included commentary by Shareholder Amanda Wilson on how a provision within the CARES Act increases the cap for business interest deductions from 30% to 50% of adjusted taxable income for both 2019 and 2020.
“I think you're definitely going to see a lot of companies benefit from this,” Wilson said.
Read the articles:
- A $13 Billion Tax Break for COVID-19 Relief Could Save Some Debt-burdened Companies Tens of Millions of Dollars - Even If They Haven't Been Hurt Badly by the Pandemic. Here's Who Could Benefit. - Business Insider (Subscription required.)
- CARES Act Eases Interest Costs Up To 50% Of Adjusted Taxable Income - Industry Leaders