Article Date:
May 2020


Word Count:
1048

 

 

Self-Employed with No Employees? Get Your COVID-19 Cash Now


Get ready for this: “I’m from the government, and I’m here to help.”

 

Here’s the deal: “I’m going to give you $20,833 today. I want you to give me $5,448 no later than two years from now. You can keep the $15,385 difference, tax-free—no strings.”

 

It’s true. The lucky recipient could be you. To obtain the full $15,385 tax-free cash result in this deal (one of many COVID-19-related assistance programs), you must

 

·

be self-employed,

·

have no employees, and

·

have self-employment net profits of $100,000 or more.

 

If you are self-employed, you have no employees, and your net profits are

 

·

$75,000, you pocket $11,538, tax-free.

·

$50,000, you pocket $7,692, tax-free.

·

$25,000, you pocket ... Log in to view full article.

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