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New Coronavirus Additional Economic Support Measures Voted on

Local news
#1
  • 頑張ろう日本人 in USA
  • mail
  • 2020/12/23 17:55

I am not certain yet, but I saw an article in the news that a new corona additional support was voted on, so I thought I would just share what I understood. Please understand that I may be wrong. Also, please note that although it has been voted on, it has not been signed by President Trump yet and the details are subject to change

・ Additional Stimulus Check benefits （ per adult $ 600.00, down from the previous amount. 00. ）
・ Additional Unemployment Insurance Benefit （ This is also less than last time and is for a weekly benefit of $ 300.00. ）
・ Additional Paycheck Protection Program （ PPP ） （ Details below. ）
・ Other things like extended evictions and rent assistance for people who can't pay their rent are also being incorporated.

Additional Paycheck Protection Program （ PPP ） seems to be available for companies that could not apply for the first PPP or companies that received PPP the first time and exhausted it and need more PPP. The basic rules and repayment waiver rules seem to be the same as for the first PPP, but there may be some changes, such as an increase in the amount that can be applied for in the hospitality industry, such as the hotel industry. Also, it seems that the second application is limited to companies with less than 300 employees and sales that have decreased by 25% or more from the previous year.

In addition, the original rule for companies that received an EIDL Grant of $10,000 and a PPP loan was that they had to repay the $10,000 in the PPP forgiveness process, but it appears that this rule will also change.

It was also mentioned that the expenses paid with PPP loans can now be included as expenses in the tax return.

The final rules will probably be decided at the beginning of January next year and the information will be available on the SBA website, but I don't think the first-come, first-served basis will change, so if you need a PPP loan, please prepare early. I am sure CPAs and attorneys will have more detailed information on the rest, so please check on your own for accurate information.

See ▼
https://www.nav.com/blog/new-ppp-loans-economic-aid-to-hard-hit-small-businesses-nonprofits-and-venues-act-776579/
https://www.nytimes.com/2020/12/21/business/stimulus-paycheck-protection-program.html

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#103
  • mameta
  • 2021/01/07 (Thu) 17:52
  • Report

Well, theoretically, yes, but if you're a spouse, you're saying that illegal immigrants got it too. If ＄ 1200 instead of ＄ 600, then the Tax Rebate is not available to the general public. Only families who don't get it get it, right?

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#104
  • 昭和のおとっつぁん
  • 2021/01/07 (Thu) 19:50
  • Report

Even illegal immigrants are eligible for amnesty if they pay taxes.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#105
  • ニュートラル
  • 2021/01/08 (Fri) 09:55
  • Report

#103

＞ If it's a spouse, that means illegal immigrants got it too. ＄ If it's not 600, but ＄ 1200, then Tax Rebate is not available to the general public. Only families who don't get it get it.

Illegal immigrants don't get a penny.
If you are a married couple who are both U.S. citizens or permanent residents, the total is $1200 this time, but if one of you is an illegal immigrant, it's only $600.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#106
  • ?
  • 2021/01/08 (Fri) 17:24
  • Report

Since there is no SS for illegal immigrants, US citizens and permanent residents who were using their EIN to pay their taxes, including the income of their illegal immigrant spouses, were automatically repelled.
Now it is OK, so $600 for this time, plus $1200 for the previous retroactive, for a total of $1800
$ It says "1200".
I don't care, it doesn't matter.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#107
  • ニュートラル
  • 2021/01/11 (Mon) 14:37
  • Report

＃ 106

Sorry, but I don't know what in the world you don't understand, so I'll quit trying to explain in kind. These people are typical of those who believe lies on the internet without understanding them.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

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