On Dec. 27, President Donald Trump signed the Consolidated Appropriations Act. Within its 5,593 pages are several credits and other tax relief provisions for taxpayers affected by the pandemic, including:

• a deferral of employees’ share of payroll taxes;
• tax benefits arising from PPP loans; and
• an extension of refundable credits for paid sick and family leave.

OMA Connections Partner Roetzel has provided this brief summary of key tax provisions directly relating to COVID-19 tax relief. 1/4/2021