homeWelcome, sign in or click here to subscribe.login
     


 

 

Money


Subscriber content preview

February 22, 2021

Breaking down the tax implications of PPP loans

  • New rules spelled out in the latest round of coronavirus relief help put an end to the confusion.
    • By KELSEY SHEEHY
    NerdWallet

    The approaching tax season is raising fresh questions for business owners who received a loan through the Paycheck Protection Program.

    Can you deduct expenses paid with your loan funds? Do you need to do anything differently this year? And if your loan is forgiven, is it considered taxable income?


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.