One of the biggest pieces of legislation to come out of the recent appropriations bill is a second round of PPP loans. Additional business relief is included as well. Please read on for more information. Payroll Protection Program (PPP) Single biggest piece of news here: Congress clarified that PPP recipients may now deduct expenses paid […]
What to Know About the New Stimulus Check
The Congressional Appropriations Act passed in December contains many provisions providing tax relief to individuals. Below is a summary of the major provisions. Additional 2020 Recovery Rebates $600 per eligible family member Rebates phased out for married couple starting at $150K adjusted gross income (AGI), $75K for single and $112,500 for head of household. Advanced […]