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An employee who regularly makes $2,000 per paycheck after taxes may only make $1,876 per pay period from Jan. 1 through April 31. "It is far from clear that the payroll tax holiday will achieve its...

The CARES Act created the $349-billion Paycheck Protection Program, which provided low-interest loans to small businesses that were forgivable if they maintained their employees and payroll. The $349 billion was fully allocated within 13 days. During those 13 days, 1.6 million loans were approved by nearly 5,000 banks and other lenders.

To receive the ERC, businesses must monetize the credit for every payroll period by filing a quarterly payroll tax return using Form 941, according to ERC Today. For example, if a business pays out...

Last week President Donald Trump was willing to raise his offer of $1.8 trillion for a COVID-19 relief deal with Democrats in the U.S. Congress, but the idea was shot down by Senate Majority Leader...