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Unless the Law Changes, Expenses Paid with PPP Funds Not Deductible in Wisconsin

Posted: January 21, 2021

Currently, the tax consequences of PPP loans are different under Wisconsin rules than they are under federal rules.  Unless Wisconsin changes its rules, expenses paid with PPP funds are not deductible for Wisconsin tax purposes, even though the expenses are deductible for Federal purposes.  

You can read more here:  Wisconsin Small Business Owners May Have To Pay State Taxes On PPP Loans | Wisconsin Public Radio (wpr.org)

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