Kiyoshi Hijiki | Moment | Getty Images Nearly 3 million more business owners claimed a 20% tax deduction on their income last year relative to the prior filing season, according to IRS data. Around 21.2 million returns claimed the “qualified business income” deduction during tax season last year, which reflected income for 2019. That’s an
Small Business
In this article JPM WFC BAC A small business owner in Chinatown, San Francisco Source: CNBC The Senate on Thursday passed the PPP Extension Act of 2021 with overwhelming support, extending the deadline for the Paycheck Protection Program to May 31 from March 31. Passage of the PPP extension came about one week after the
President Joe Biden visits W.S. Jenks & Son, a Washington, D.C., hardware store that benefited from a Paycheck Protection Program loan, on March 9, 2021. Mandel Ngan | AFP | Getty Images The Senate on Thursday voted to extend the Small Business Administration’s Paycheck Protection Program just a week before it was slated to expire.
Patrice Washington started her career before graduating college. The USC grad became a real estate broker while juggling classes and homework during her senior year. After graduating in 2003, Washington opened her own boutique real estate and mortgage brokerage. She immediately had to hire employees to keep up with demand. By 2007, she had made
Maskot The IRS and Treasury Department have extended the tax-filing season, pushing the deadline to May 17 from April 15. The extension won’t help every taxpayer, however. That’s because it does not include estimated tax payments, which are still due April 15. Some taxpayers must make quarterly estimated tax payments throughout the year to avoid