Stimulus Update Small Business Grants

The new 900 billion stimulus deal includes 325 billion for small businesses and a continuation of the paycheck protection program.

Stimulus update small business grants. Congress is finally pulling it together and getting a stimulus package put together. For more stimulus news eidl news and small business news download our free skip app. The deal allocates money for specific kinds of business owners.

The stimulus package is finally here with just days left in 2020. While small business grants are normally taxable it appears that eidl grants will not be taxed by the irs. What you should do immediately to take advantage of these programs.

The stimulus bill also gives 15 billion to the sba to make grants to live venue operators or promoters theatrical producers live performing arts organization operators museum operators motion picture theatre operators and talent representatives who demonstrate a 25 reduction in revenues due to the pandemic. Find out what the new stimulus package says about the 10 000 targeted eidl grants that will become available in early 2021. Grants will be awarded to.

Additionally if you spend that money on expenses that would normally be deductible you can still deduct. Below are details of small business provisions of the new stimulus package and as importantly. As more information becomes available from the sba we will update this post.