Skip to comments.Understanding the Relief Package
Posted on 03/29/2020 7:12:09 PM PDT by piytar
The helicopters are dumping money out the door. You will pay for it down the road, one way or another. Might as well get a piece. And in fairness......some of you really do need it. This event is unprecedented, at least within living memory.
We will cover:
- $350 BILLION LOANS YOU DON'T HAVE PAY BACK - If You Apply for certain loans, you get $10k In 3 Days. If You Don't Get Approved That $10k Advance Gets Forgiven. - Avoid Penalties on Retirement Fund Withdraws; Can Put Money Back In - 10 BILLION OF DISASTER LOANS - Defer Your Payroll Taxes For 2 Years - Get Rebate Of $2,400 (Married), $1,200 (Individual) + $500 per kid - If You've Had Losses In '18, '19 '20, Amend Your Return For Cash - Refundable Payroll Tax Credit For 50% Of Wages Paid - There is more, for example, a big, retroactive, depreciation write-off for landlords who own commercial property. We'll cover it.
Registration link: https://lnkd.in/eCGHNcC
Bump for later reading.
I find it strange that when we file our taxes I expect we will owe about $2400 and that is what the government is going to send to my husband and me as together we make less than $75,000. The taxes are on Social Security my husband collects and some farm income.
Of course, we now have 90 days to pay the taxes without penalties and interest.
For anyone wondering, this isn’t an article or anything immediately useful, it’s a $100 webinar for some guy to explain all the free cash in the Repubs’ boondoggle bill.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.