The Senate passed the Coronavirus Aid, Relief, and Economic Security (or the CARES Act) on March 25th, 2020. Employers who hold onto their employees during the pandemic would be eligible for a 50% credit that would offset the employer’s share of Social Security taxes up to $10,000 of qualified wages per employee. This applies for eligible employers with less than 100 full-time employees. The bill also delays the payment of payroll taxes. The first half is to be paid by December 31st, 2021 and the second half is due on December 31st, 2022. Net operating losses from 2018, 2019, or 2020 can be carried back five years and the 80% NOL limit has been suspended. More CARES Act information can be found here. A vote from the House is expected by voice this Friday March 27th, 2019.