The “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act) was signed into law on March 27, 2020. Included in the $2.2 trillion dollar stimulus package are provisions changing the rules for retirement plans. Other provisions encourage charitable giving by allowing taxpayers to deduct up to 100 percent of their adjusted gross income for cash contributions to qualified charities. These changes present unique planning opportunities which can result in substantial tax savings. Discussed below are some of these opportunities.