What are the new changes to the COVID-19 Economic Injury Disaster Loan program?

Key changes announced included: Increased COVID EIDL Cap. The SBA lifted the COVID EIDL cap from $500,000 to $2 million. Loan funds can be used for any normal operating expenses and working capital, including payroll, purchasing equipment, and paying off debt.

Can I apply for PPP and EIDL loan during COVID-19?

Yes. Borrowers can apply for both the PPP and EIDL, although funds from both cannot be used for the same purpose.

Who can apply for the COVID-19 Economic Injury Disaster Loan?

In response to COVID-19, small business owners, including agricultural businesses, and nonprofit organizations in all U.S. states, Washington D.C., and territories can apply for the COVID-19 Economic Injury Disaster Loan (EIDL).

Do businesses have to start payments on EIDL funds during the COVID-19 pandemic?

In a news release, the SBA said that small businesses and not-for-profits that received EIDL funds do not have to begin payments on the loan until 30 months after the date of the note. Interest will continue to accrue on the loans during the deferment period. EIDL borrowers can make early payments on their loans.

What are the SBA COVID-19 Eidl cap?

Key changes announced included: Increased COVID EIDL Cap. The SBA lifted the COVID EIDL cap from $500,000 to $2 million. Loan funds can be used for any normal operating expenses and working capital, including payroll, purchasing equipment, and paying off debt.

Do I need to pay back my coronavirus disease loan after the deferment period ends?

After the deferment period ends, COVID-EIDL Borrowers will be required to make regular principal and interest payments beginning 30 months from the date of the Note.

Do I qualify for an exception or can I apply for an exception to the COVID-19 vaccine requirement?

Categories of noncitizen, nonimmigrants that meet the criteria for an exception under the proclamation and CDC’s order include: Persons on diplomatic or official foreign government travel Children under 18 years of age Persons with documented medical contraindications to receiving a COVID-19 vaccine Participants in certain COVID-19 vaccine trials Persons issued a humanitarian or emergency exception Persons with valid visas [excluding B-1 (business) or B-2 (tourism) visas] who are citizens of a foreign country with limited COVID-19 vaccine availability. Members of the U.S. Armed Forces or their spouses or children (under 18 years of age). Sea crew members traveling pursuant to a C-1 and D nonimmigrant visa Persons whose entry would be in the national interest, as determined by the Secretary of State, Secretary of Transportation, or Secretary of Homeland Security (or their designees)

Do I qualify for the additional $300 in federal benefits during the COVID-19 pandemic?

The additional $300/week in Federal Pandemic Unemployment Compensation is available to claimants receiving unemployment benefits under the state or federal regular unemployment compensation programs (UCFE, UCX, PEUC, PUA, EB, STC, TRA, DUA, and SEA). The funds are available for any weeks of unemployment beginning after Dec. 26, 2020, and ending on or before March 14, 2021. You don’t need to apply separately to receive this supplemental amount.

How often can you take Paxlovid?

“With Paxlovid, you take three pills, twice a day, for a total of five days," says Rachel Kenney, a pharmacist at Henry Ford Health. "It helps your body fight off the virus, preventing it from replicating before it becomes serious.”

How is the CARES Act supporting small businesses?

The Paycheck Protection Program is providing small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead.

What are some of the things you can do to lower your chances of getting or spreading COVID-19?

• Wash your hands well and often. Use hand sanitizer when you’re not near soap and water.
• Try not to touch your face.
• Wear a face mask when you go out.
• Follow your community guidelines for staying home.
• When you do go out in public, leave at least 6 feet of space between you and others.

What is the recovery time for the coronavirus disease?

Early research suggested that it could take 2 weeks for your body to get over a mild illness, or up to 6 weeks for severe or critical cases. Newer data show that recovery varies for different people, depending on things like your age and overall health.

Does Paxlovid have side-effects?

“Paxlovid is usually very well-tolerated,” he says. Common side effects, which are usually mild, include: Altered or impaired sense of taste. Diarrhea.

What is Paxlovid for COVID-19?

Paxlovid (nirmatrelvir tablets; ritonavir tablets) is a prescription oral antiviral drug that reduces the risk of hospitalization and death for patients with mild-to-moderate COVID-19 who are at risk of disease progression and severe illness (1).

Is Paxlovid a COVID-19 antiviral?

Paxlovid is an oral antiviral pill that can be taken at home to help keep high-risk patients from getting so sick that they need to be hospitalized. So, if you test positive for the coronavirus and a health care provider writes you a prescription, you can take pills at home and lower your risk of going to the hospital.

What is the maximum Pandemic Emergency Unemployment Compensation benefits (PEUC) eligibility in weeks?

No PEUC is payable for any week of unemployment beginning after April 5, 2021. In addition, the length of time an eligible individual can receive PEUC has been extended from 13 weeks to 24 weeks.

Who is considered to be essential worker during the COVID-19 pandemic?

Essential (critical infrastructure) workers include health care personnel and employees in other essential workplaces (e.g., first responders and grocery store workers).

How much is the second round of COVID-19 stimulus payment?

Authorized by the newly enacted COVID-relief legislation, the second round of payments, or “EIP 2,” is generally $600 for singles and $1,200 for married couples filing a joint return. In addition, those with qualifying children will also receive $600 for each qualifying child.

What are some exemptions from the COVID-19 vaccine?

Some people may be at risk for an adverse reaction because of an allergy to one of the vaccine components or a medical condition. This is referred to as a medical exemption. Some people may decline vaccination because of a sincerely held religious belief. This is referred to as a religious exemption.

What if I don't have any reaction to the COVID-19 vaccine?

If I don't have any reaction to either shot, is the COVID-19 vaccine still working?
Yes, it's still working. Everyone reacts a little differently to every vaccine. For some people, their reaction is no reaction.

Can you get the COVID-19 vaccine if you have an allergic reaction?

If you have had an immediate allergic reaction (a reaction that started within 4 hours) to any vaccine other than a COVID-19 vaccine or any injectable therapy, you may still be able to get a COVID-19 vaccine. However, your doctor may refer you to an allergy and immunology specialist for additional care or advice.

When do I have to pay taxes on coronavirus-related distributions?

The distributions generally are included in income ratably over a three-year period, starting with the year in which you receive your distribution. For example, if you receive a $9,000 coronavirus-related distribution in 2020, you would report $3,000 in income on your federal income tax return for each of 2020, 2021, and 2022. However, you have the option of including the entire distribution in your income for the year of the distribution.

Do I have to pay the 10% additional tax on a coronavirus-related distribution from my retirement plan or IRA?

No, the 10% additional tax on early distributions does not apply to any coronavirus-related distribution.

Can you contract COVID-19 through sexual intercourse?

Although there is currently no evidence that the COVID-19 virus transmits through semen or vaginal fluids, it has been detected in the semen of people recovering from COVID-19. We would thus recommend avoiding any close contact, especially very intimate contact like unprotected sex, with someone with active COVID-19 to minimize the risk of transmission

Does Paxlovid give you a bad taste in your mouth?

If you notice a nasty taste in your mouth after taking the antiviral pill Paxlovid for COVID-19, you're not imagining it. “About 5.6% of people who took Paxlovid in a study reported dysgeusia, which is a change in the taste in your mouth,” says Shivanjali Shankaran, MD, an infectious disease specialist at RUSH.