Congress Stimulus Package Ppp

On december 21 2020 congress passed a new stimulus package including 900b in coronavirus relief.

Congress stimulus package ppp. The long awaited new stimulus package was approved by congress late monday december 21 and is expected to be signed into law by president trump. The president is pushing for some changes to the bill but he s primarily pushing for larger stimulus checks. We ll update this content when we know more but for now.

And the shareholders of s corporations will enjoy another benefit that. Congress is acting today to allow ppp borrowers to deduct ppp expenses and not have to include loan forgiveness in income. The new bill provides additional funding for the paycheck.

New stimulus bill brings ppp aid tax relief to small business. Congress has passed a new round of ppp funding and relief for struggling businesses. Fortunately it contains some help for small business owners.

The covid 19 relief package worth 900 billion includes 284 billion for the popular paycheck. New funding new rules. When congress passed the coronavirus aid relief and economic security act cares act in march of 2020 the law.

One of the most popular is known as the paycheck protection program or ppp. The bill which runs over 5 000 pages expands the paycheck protection program ppp which was originally established when the cares act was enacted earlier this year the stimulus bill allocates 284 billion for new ppp loans. However businesses are much more concerned with the bill s changes to the paycheck protection program ppp.

Included as part of the consolidated appropriations act 2021 act this 900 billion stimulus package includes. Congress just passed another coronavirus stimulus package and president trump could sign it into law as soon as this week. Late on december 21 2020 congress passed its latest stimulus package.