Many small businesses are applying for the next round of financial help from the government to stay afloat, and waiting to find out if they have to pay back the previous COVID-19 relief loan.
The Alabama Department of Revenue, or ALDOR, issued guidance for taxpayers and employers regarding tax relief measures included in Gov. Kay Ivey’s proclamation.
The state finance director said Wednesday his office is working under a Dec. 30 deadline to spend more than $800 million remaining from the more than $1.76 billion federal CARES Act money allocated to the state earlier this year.
With the election now over and two months before a new government is seated, some in Alabama’s congressional delegation say more federal help to states for the coronavirus pandemic could be on the way.
The IRS announced Easter weekend the first round of payments were deposited into taxpayers’ bank accounts and later this week, it will launch a tool on its website where people can track the status of their stimulus check.
