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The budget for fiscal year 2020 ran from October 1, 2019 to September 30, 2020 and had a deficit of $3.132 trillion. It included funding for the COVID-19 pandemic, the Mexico–United States barrier, and science research, among other initiatives.
Learn about the spending and revenues of the U.S. federal government, the budget process, and the challenges and debates over the deficit and debt. See historical and projected data, charts, and sources from various government agencies.
The Employee Retention Credit (ERC) is a U.S. federal tax credit for certain employers affected by the COVID-19 pandemic. It was available from March 2020 to September 2021, and it was based on qualified wages paid to eligible employees.
Learn about the different components and categories of federal, state and local government spending in the US, as well as its historical trends and comparisons. Find out how mandatory, discretionary and defense spending are determined and funded by Congress and the president.
Learn about the major categories and trends of federal spending in the U.S., such as mandatory programs, discretionary spending, and interest costs. Find out which of the following is a major spending category of the federal government: healthcare, Social Security, defense, or interest.
Learn about the various forms and schedules used by the Internal Revenue Service (IRS) for taxpayers and tax-exempt organizations in the United States. Find out the history, purpose, and features of each form, such as Form 1040, Schedule A, Schedule C, and more.
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