PPP Loan Expenses are Not Tax-Deductible

On April 30th, the IRS released guidance announcing that Loan expenses that are related to Paycheck Protection Program (PPP) forgivable loans will not be tax-deductible. The PPP was originally created as part of the CARES Act,a $2.2 trillion coronavirus relief bill. The program provides low-interest… Read More

Tax Break available for Adoptive Parents

Tax Break – Highlights:  Qualifying Adoptions Credit Amount Credit Carryover Qualifying Expenses High-Income Credit Phase-out Employer Adoption Assistance Program Failed Adoptions Foreign Adoptions     If you are an adoptive parent or are planning to adopt a child, you may qualify for a substantial income tax… Read More