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Sandra O’Neill Writes “Your Clients Could Be Getting a Jump Start” for Rethinking65

Rethinking65 has published “Your Clients Could Be Getting a Jump Start” by Sandra O’Neill. Last year’s stimulus package can be used to help predict what benefits small business, families, and older taxpayers might be getting with the upcoming stimulus package while we are waiting for Congress to pass the bill.  Sandra O’Neill takes a look at some measures of the Consolidated Appropriations Act that are beneficial to small business owners, families, and older taxpayers.

The Act’s Division N, “Additional Coronavirus Response and Relief,” expanded the Paid Protection Program loans for small businesses, provided additional unemployment assistance to states and individual taxpayer rebates, and extended certain tax benefits provided in the Families First Coronavirus Response Act (FFCRA) & the Coronavirus Aid, Relief and Economic Security (CARES) Act passed in March 2020.

The Act’s Division EE, “The Taxpayer Certainty and Disaster Relief Act” (also known as “The Taxpayer Relief Act”), included 170 tax-related provisions. Most encourage the use of renewable energy and low-income housing and empowerment zone development.

Continue reading “Your Clients Could Be Getting a Jump Start” on the Rethinking65 website.

Categorized: Benefits, COVID-19 Resources

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