December 28, 2020

Phase 4 COVID-19 Relief Bill

CD Tax & Financial COVID-19, For Your Business, Individual Tax, News, Tax cares act, employee, employer, family first corona virus reponse act, family leave, farming losses, financial assistance, loan forgiveness, payroll taxes, pid sick leave, ppp loan

The U.S. Senate and House of Representatives passed an emergency $900 billion COVID-19 relief bill which the President signed into law December 27, 2020. Highlights include: Additional 2020 recovery rebates for individuals. The provision provides a refundable tax credit in the amount of $600 per eligible family member. The credit is $600 per taxpayer ($1,200 […]