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Ic53 Form Idaho Industrial Commission

Ic53 Form Idaho Industrial Commission

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[Music] in our rebound idaho series the start of a new year means it's once again time to start preparing taxes the idaho tax commission says idahoans have been asking how covet 19 assistance will be taxed and there's good news for business owners if you got ppp funding during the pandemic not much is changing for you those loans aren't taxable and if they're forgiven they're also still not taxable and you can still deduct the expenses that you paid with those loan proceeds now something to keep in mind though if you got a rebound grant that money is taxable so you'll have to make sure you include it in your taxes and if you're an idahoan who received unemployment benefits from the copen 19 pandemic you might be in for a big surprise when filing your taxes this year stimulus checks and economic impact payments are not taxable income but it's a different story for unemployment those checks are taxed and depending on how muc

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