Get to Know the Tax Provisions in the CARES Act
ACA Times
APRIL 17, 2020
Non-Corporation Taxpayers Excess Business Losses (CARES Act §2304): The Tax Cuts and Jobs Act (TCJA) had enacted IRC §461(l) which limited the ability of non-corporation taxpayers to claim excess business losses through 2026. The prohibition is still in place for 2021-2025.
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