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If you’re pursuing higher education or helping a loved one in college, you’ve likely heard of various tax credits and deductions designed to ease the financial burden of education expenses. Among these is the American Opportunity Credit (AOC). One of the most common questions we receive about this credit is,
To embed, copy and paste the code into your website or blog: The Coronavirus Response and Relief Supplemental Appropriations Act (CRRSA) was enacted on December 27, 2020. The new law, the federal government’s follow-up to the CARES Act, provides for renewed stimulus payments to individuals and businesses and includes significant provisions relating to the Paycheck Protection Program (PPP). This Client Alert provides an overview of those provisions. New PPP Loans CRRSA allocates approximately $285 billion for a new round of PPP loans. First-time borrowers and prior PPP borrowers are both el...