The #coronavirus relief package helps Americans, keeps cash in the hands of employers, helps their employees stay on payroll and protects our retirees financial health and stability. Here’s how:
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For employers, the
#coronavirus stimulus package:
Delays payment of 2020 payroll taxes until 2021 or 2022
Gives 50% credit on up to $10k of employee wages
Allows businesses to carry back losses for immediate tax refundsDeze collectie tonen
For retirees, the #coronavirus stimulus package:
Prevents forced cash-outs of retirement accounts
Waives penalties on withdrawing money from one’s 401(k) or IRA for coronavirus-related needs
