PPP3 followers50 questions204 posts
Do you have questions about PPP?
Log in to ask questions about PPP publicly or anonymously.
Over the weekend, the SBA released an updated report on the PPP program's status – which included information about the level of forgiveness for 2020 PPP loans.
A key summary of the findings:
- ~34% of loans have completed the forgiveness... (More)
In recent legislation, the federal government made it clear that forgiven PPP loans are not considered taxable income on the federal level. However, the question often comes up on a state level, and I usually don’t have an answer.