Article Date:
January 2021


Word Count:
1026

 

 

Round 2: Additional Tax-Free PPP Money for You?


Did you receive money from a lender under the existing Paycheck Protection Program (PPP)? If so, you may qualify for more tax-free money.

 

But first, let’s clarify what’s happening. When you think of the PPP program, do you think “tax-free money” or do you think “loan”?

 

Think “tax-free money.” That’s what it is. And it’s easy.

 

Sure, it comes in the form of a loan, and you could be under the mistaken impression that you have to pay it back—but you don’t. You just have to use 60 percent or more of it for defined or deemed payroll. That’s good news part 1.

 

In good news part ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee