Important information about the new Stimulus Act Written by Joseph Adami, CPA
Important information you should know about the new Stimulus Act:
1. A new round of PPP loans. An existing loan can be increased.
2. EXPENSES PAID WITH FORGIVEN LOANS ARE DEDUCTIBLE.
3. 100% of business meals deductible in 2021 and 2022.
4. Medical expense exclusion made permanent at 7.5% of AGI.
5. Stimulus payments are half of the first act. Income thresholds are the same as the first set, but phase out at a lower level: (87,000 for single, and 174,000 for married).
6. Overpayments do not have to be repaid.
7. Unemployment benefit payments extended to March 14, 2021.
8. Stimulus payments will be direct deposited, or be checks or debit cards.
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message for g.o.p. leaders know? if i win you have a choice. you do what you promise. repeal the obamacare in the stimulus act. provide the alternative. or you can get back the money, which is as much as $735 million. trish: 735 million? it that is just what the rnc have collected since 2009 under the battle because, to repeal and replace. trish: thank you bob. just the beginning. the warning from breck brexit,d north korea says it was the u.s. who will pay dearly. former investor to the u.n., john bolton is here. it s b,
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different corporations where people don t not know. the stimulus act businesses partners of the hhs could tell the personal health of every person in the united states. trish: you think this is a lobbying effort in your view? members of congress that are not willing to go that final step, because they are fearful that somebody is going to pull away the funds for the next campaign? big pharma will pay whatever it has to pay to make sure obamacare is not repealed. big pharma stand to make hundreds of millions of dollars. was they gain access to the personal health information of every american because they may no longer have to spray and pray as advertisements call it when they put out expensive advertisement. instead, they can use the database for potential clients. spew it let us talk about the
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tax cut. that has nothing to do with health care. meanwhile, the senate and medicare and medicaid services are providing a system where a computer is telling every american a where how much health care they can have. two things that have come up in the public debate. i m not looking for my money back. i want the promise kept. second of all, nobody is going to lose their insurance. obamacare, they managed care, the stimulus act. the exchanges where many people already have their insurance. for the affordable care act. we are not advocating repeal of the affordable care act. we are not advocating taking anyone s insurance away. what we want to do is add a third option. a community health insurance option. which will allow the average family to buy affordable insurance with affordable
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