PPP Update #21 – PPP Tax Treatment for State & Local Taxes

Drucker & Scaccetti

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Is it already February? The 2020 filing season is here and this year brings new challenges compared to other filing seasons. In PPP Update #19, we discussed the federal change to deductibility of expenses using Payroll Protection Program (PPP) funds, but what about states and localities? As we have become accustomed to, the PPP bares unique issues.

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Updated: March 30th, 2021

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