CA Set to Vote on AB 80 & PPP CA Nontaxable up to $150K by Mike Noon

Courtesy of Spidell: PPP deductions may be coming for California¬†(04-08-21) The IRS and the Treasury have announced that states can conform to recent federal tax benefits (such as the allowance of deductions for amounts paid with forgiven PPP…

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2020 Unemployment Income up to $10,200 Possibly Nontaxable by Mike Noon

UNEMPLOYMENT- If you had unemployment income in 2020, you will want to hold on filing your 2020 tax return until this latest stimulus bill is passed, becomes law, and IRS updates the 2020 tax forms. The Senate passed…

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