Research ReportCRS InsightVersion 13
IN11378
IRS Guidance Says No Deduction Is Allowed for Business Expenses Paid with Forgiven PPP Loans
Published Dec 31, 2020Updated Jun 20, 2025
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The Congressional Research Service is a nonpartisan policy and legal analysis arm of the Library of Congress. CRS reports are written for members of Congress and their staff, not the public — but they’re made available openly through Congress.gov.
- HR 133116th Congress
Consolidated Appropriations Act, 2021
Dec 27, 2020 · Became Public Law No: 116-260.
- HR 4803116th Congress
Citizenship for Children of Military Members and Civil Servants Act
Mar 26, 2020 · Became Public Law No: 116-133.
- HR 748116th Congress
CARES Act
Jul 23, 2020 · Committee on Small Business and Entrepreneurship. Hearings held.