SBA raises COVID-19 EIDL loan limit to $500,000

SBA raises COVID-19 EIDL loan limit to $500,000

The U.S. Small Business Administration is more than tripling the maximum amount that small businesses and nonprofits can borrow under the COVID-19 Economic Injury Disaster Loans (EIDL) program. Starting the week of April 6, the loan limit for COVID-19 EIDL loans will...
IRS to Delay Tax Deadline to Mid-May After Chaotic Year

IRS to Delay Tax Deadline to Mid-May After Chaotic Year

The Internal Revenue Service is planning to delay the April 15 tax filing deadline by about one month, giving taxpayers additional time to file returns and pay any outstanding levies, according to three people familiar with the discussions. The IRS is still figuring...
American Rescue Plan Act passes with many tax components

American Rescue Plan Act passes with many tax components

The House of Representatives passed the American Rescue Plan Act, H.R. 1319, on Wednesday by a vote of 220–211. It now goes to President Joe Biden for his signature. He is expected to sign it quickly. H.R. 1319 was first passed by the House on Feb. 27. The Senate...