Congress has been busy passing legislation to help boost the economy amid the COVID-19 outbreak. We will provide links on this page to sites that cover the updates in an attempt to provide accurate and timely information.
The Senate passed the stimulus bill on Wednesday (the House has yet to vote but is expected to follow suit). A key feature of the stimulus is individual checks. To help you sort it out, here are a few questions and answers.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses.
The sticking point for most parents for this purpose is age: the child must be under age 17 at the end of the tax year.
It's been a long week on the Hill, but the Senate has finally reached an agreement on a bill intended to provide direct economic relief in response to the COVID-19 pandemic. The measure passed late Wednesday.
The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide their employees with paid sick leave and expanded family and medical leave for specified reasons related to COVID-19. These provisions will apply from April 1, 2020 through December 31, 2020. Click here for a link to the complete details for employers.