Coronavirus Relief

As part of the 5593 pages of the Consolidated Appropriations Act of 2021, Congress has included the Coronavirus Response & Relief Supplemental Appropriations Act of 2021. (The Act). The Act is a much anticipated follow up to the CARES Act passed in March. It includes everything from fisheries disaster assistance to a second round of stimulus checks for most Americans. We have gathered a brief list of the provisions we find most pertinent to our community. 


  • Extends federal pandemic unemployment assistance
    • $300/week benefit (reduced from the original $600)
    • Extended from December 31, 2020 to March 14, 2021
    • Maximum number of weeks of standard unemployment benefits increased from 39 to 50
    • Increased maximum number of pandemic assistance weeks from 13 to 24
  • $600 payments to most Americans as early as next week according to Secretary of Treasury Mnuchin
    • Same AGI thresholds as the CARES Act but only for tax year 2019
    • If you are not required to file a tax return you will be able to receive a payment if you otherwise qualify


  • Fisheries Disaster Assistance – doubles the original amount dedicated to Section 12005 of the CARES Act. Alaska was originally allotted $50 million, none of which has been distributed
  • PPP Loans that are forgiven are NOT included in income and expenses that the money paid for IS deductible as originally intended by the CARES Act
  • Emergency Financial Grants made by most institutions for education are NOT includable in income
  • EIDL Advances are not includable in income & deductions are allowable
  • PPP 2
    • Additional eligible expenses
      • Operations expenditures for software or cloud services, accounting & HR
      • Property damage
      • Supplier costs
      • Worker protection expenditures
    • Timeframe: 8 or 24 weeks
    • Simplified forgiveness application for those loans under $150,000
    • Eligibility
      • Must show a 25% reduction in gross sales for any quarter in 2020 compared with the same quarter in 2019
      • Maximum loan amount is determined the same as previous PPP was
  • Additional EIDL Advance Amount
    • Entities that received an EIDL advance of less than $10,000 may be eligible for the difference if they had reduced revenue for any 8-week   after March of 2020 with the comparable 8-week period in 2019 or immediately prior to the declared disaster in 2020
    • EIDL loan program extended to 3/31/2021
  • EIDL Advance amounts deducted from PPP forgiveness amounts to be reimbursed to businesses

*This list is not comprehensive as the text was released 2 hours ago, is not officially law, and is almost 6,000 pages 😉

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