Fraudulent Covid employee retention tax credit holding up US economy

Sharing is Caring!

I’ve seen the commercials on TV, get free money by claiming your business tax credit, we’ll get a check for you. Equivalent to the ambulance chasing lawyer commercials. Not sure how long this can go on, but $20-30 billion per month flowing into businesses from this program. October 1st is when student loan pause is no more. 2024 economy not looking very good from here.

See also  NFIB September report shows strong economy; record uncertainty at highest ever, capex plans drop to 19%.
See also  The American Economy Just Dodged A Bullet… For Now

View post on imgur.com

Generally, for 2020 tax periods, the deadline is April 15, 2024. For 2021 tax periods, the deadline is April 15, 2025.

h/t CharlieFoxtrot

Views: 144

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.