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The CARES Act created a tax credit to keep employees on payroll during the pandemic. The Internal Revenue Service (IRS) recently warned employers to look out for scammers using the credit to promise tax savings that are too good to be true.

Michael E. Horowitz, Chair of the Pandemic Response Accountability Committee (PRAC) announced the public release of updated Coronavirus Relief Fund (CRF) spending by states, eligible local governments, Tribal governments, the District of Columbia, and U.S. Territories.

Michael E. Horowitz, Chair of the Pandemic Response Accountability Committee (PRAC) announced the public release of updated Coronavirus Relief Fund (CRF) spending by states, eligible local governments, Tribal governments, the District of Columbia, and U.S. Territories.

As pandemic legislation was passed, starting with the CARES Act in March 2020, the Office of Management and Budget (OMB) assigned a code to identify each of the six laws. These codes, known as Disaster Emergency Fund Codes (DEFC), are used to track the spending funded under each legislation. Many of the codes were further refined through the description of the code, as "Emergency" or "Non-emergency."

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted. It distributed $2.1 trillion to individuals, businesses, schools, and state and local governments to respond to the effects of the pandemic.

While you may have heard them referred to as stimulus checks, the Economic Impact Payments were, for the most part, direct deposited into bank accounts or sent out as bank cards. More than 472 million payments totaling $803 billion in financial relief went to households impacted by the pandemic. The Internal Revenue Service based the amounts that individuals received on income, tax filing status, and number of children (or qualifying dependents, like a relative).

Michael E. Horowitz, Chair of the Pandemic Response Accountability Committee (PRAC) announced the public release of updated Coronavirus Relief Fund (CRF) spending by states, eligible local governments, Tribal governments, the District of Columbia, and U.S. Territories.

Michael E. Horowitz, Chair of the Pandemic Response Accountability Committee announced the public release of updated Coronavirus Relief Fund (CRF) spending.

Today, Michael E. Horowitz, Chair of the Pandemic Response Accountability Committee (PRAC) announced the public release of an updated dataset of Coronavirus Relief Fund (CRF) spending by states, eligible local governments, Tribal governments, the District of Columbia, and U.S. Territories.