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COVID Relief Package Expands the Employee Retention Credit, Permits Full Expensing of Business Meals and Extends Charitable Giving Incentives

By Business Tax, Credits & Incentives, Insights, Tax Planning & Consulting

The $900 billion COVID Relief Package, passed by Congress on December 21, 2020 and headed to President Trump’s desk for signature, contains a number of tax provisions to assist individuals and businesses, in addition to authorizing funding for second rounds of individual stimulus payments and PPP loans.

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