To offer relief to the millions of Americans affected by the COVID-19 outbreak, the Coronavirus Aid, Relief, and Economic Security Act — or CARES Act — was signed into law on March 27. You can read more about how this legislation helps individuals and businesses here. Here are some of the highlights:

• Income tax returns and payments originally due on April 15 are now due on July 15, 2020.
• The deadlines for making 2019 IRA contributions and 2019 contributions to health savings accounts (HSAs) and Archer medical savings accounts (MSAs) have also been extended until July 15.
• Payments (principal and interest) on federal student loans are suspended through September 30, 2020 without penalty. Interest will not accrue on these loans during this suspension period.

For more information, check out the link above.