2020 PPP Loan Expense Deductions Can Be Brought Forward
Thanks to the far-reaching Consolidated Appropriations Act passed in December 2020, small businesses that used funds from a first round Paycheck Protection Program (PPP) loan to pay eligible expenses were also granted the right to take a deduction on their 2020 tax return – even if the PPP loan was forgiven (or was expected to […]
2020 PPP Loan Expense Deductions Can Be Brought Forward Read More »