qbteachmt
Level 15
12-13-2021
04:53 PM
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"I don't see anywhere in this thread or in the gpwcpas or caltax links where it addresses whether the expenses are deductible for California on the California Relief Grant. Did I miss it?"
It is at the CPA link:
| CA Relief Grant | Eligible applicants were scored based on COVID-19 impact factors. Grants were awarded based on the following: $ 5,000 For annual gross revenue between $1,000 and $100,000 $15,000 For annual gross revenue between $100,000 and $1 million $25,000 For annual gross revenue between $1 mil. and $2.5 million https://www.californiasbdc.org/covid-19-relief-grant Round 3 for applying for this program closed on March 11, 2021. The Round 4 application window spans from March 16, 2021 – March 23, 2021. Applicants who applied in any round are automatically transferred for consideration to the next round. The funding for this program has been expanded. Therefore, as of the date of this posting, grants will continue to be awarded to eligible applicants who applied during the application windows. |
These amounts do not need to be paid back. |
These grants are taxable for Federal. Any expenses paid with this grant are deductible. These grants are not taxable for California. |
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Don't yell at us; we're volunteers
