Tax Deductions For Paycheck Protection Expenses Remain In Doubt

Tax Deductions For Paycheck Protection Expenses Remain In Doubt

The Paycheck Protection Program is a key part of Congress’ virus relief, and it’s gotten way better. In late May, Congress passed a bill expandingthe program in key ways, extending the tight 8 weeks covered by the law to 24 weeks. What’s more, Congress relaxed the rule that 75% of funds must go to wages, cutting it to 60%. But many points of debate remain, none hotter than the question whether…

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