All tagged PPP
As of March 21, the SBA had approved more than eight million loans totaling over $718 trillion for the entire loan program. So far this year, three million loans totaling nearly $196 million have been approved. However, with the program due to expire at the end of this month, Congress is working to extend the program to May 31.
If you’re eligible for a payment, but don’t receive it by the end of January, you may have to claim it as a Recovery Rebate Credit on your 2020 tax return. If you’re eligible for a bigger payment than you received, you can claim the difference on your 2020 tax return.
Biden's package also includes a push to raise the federal minimum wage to $15 per hour. Many leading economists warn that additional support from the federal government may be needed until the pandemic has subsided and people can safely return to work.
