Is The Ppp Loan Back 2024 Taxable. If you received economic injury disaster loan (eidl), eidl advance that does not need to be paid back, or paycheck protection program (ppp) you really need to understand tax. The paycheck protection program established by the cares act, is implemented by the small business administration with support from the department of the treasury.

Small business administration (sba) has announced expanded flexibility and accommodations for covid eidl and ppp. Under the ppp loan program, eligible businesses (those with no more than 500 employees) could apply for a forgivable loan that, if used for payroll costs and.