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- Solar Tax Credit Extended for Two Years
- A federal tax credit for the purchase and installation costs of a residential solar system has been extended through 2023. The credit for 2021 and 2022 is 26% of the cost of the solar installation but drops to 22% for 2023, the final year of the credit (unless extended again by Congress).
- Video: Interaction between PPP Loans and the Employee Retention Credit
- The Consolidated Appropriations Act, 2021 liberalized the interaction between PPP loans and the Employee Retention Credit. Watch this video to learn more.
- Employee Retention Credit Extended
- In order to help trades and businesses to retain employees and keep them employed during the COVID-19 crisis, the Coronavirus Aid, Relief, and Economic Security (CARES) Act created the Employee Retention Credit for 2020. As part of the Consolidated Appropriations Act, 2021 (CCA), the credit has been extended through June 2021.
- Interaction between PPP Loans and the Employee Retention Credit
- The Consolidated Appropriations Act, 2021 (CCA), which was passed by Congress and signed by the president late last December, included a very tax-beneficial provision that liberalized the interaction between PPP loans and the Employee Retention Credit (ERC). Prior to its passage, if an employer obtained a Paycheck Protection Program (PPP) loan, the employer was ineligible to claim the ERC.
- COVID-19 Resource Guide: Taxpayers & Small Businesses
- This resource guide covers some key sources of information and news for taxpayers and small business owners in the United States during COVID-19.
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