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Individuals earning less than $75,000 (based on their most recent annual tax filing) can expect a one-time cash payment of $1,200. For more information and details, see the SBA's site and this document from the Senate Small Business Committee. Paycheck Protection Program (PPP) Loans.
Keep copies of your filed tax returns permanently. Each employer shall preserve for at least three years payroll records, collective bargaining agreements, sales and purchase records. If you have employees, you must keep all employment tax records for at least 4 years after the date the tax becomes due or is paid, whichever is later.
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