Summary Of Tax And Financial Factors Of The CARES Act The CARES (Coronavirus Aid, Relief, and Economic Security) Act was signed into law on March 27, 2020. Some of the more pertinent tax and financial factors of the Act are as follows: Recovery Payment All U.S. residents with adjusted gross income up to $75,000 for single filers and $150,000 for joint filers are eligible for $1,200.00 payment (each individual) plus an additional $500 per ... Read More