Common Acronyms
Here are some acronyms that you may find useful:
ARPA - American Rescue Plan Act
BIF - Bipartisan Infrastructure Framework
BBB - Build Back Better Act
TCJA - Tax Cuts and Jobs Act
PPP - Paycheck Protection Program
CAA - Consolidated Appropriations Act
EIDL - Economic Injury Disaster Loan
WOTC - Work Opportunity Tax Credit
DCR - Designated Community Resident
SNAP - Supplemental Nutrition Assistance Program
SSI - Supplemental Security Income
ERC - Employee Retention Credit
OASDI - Old Age, Survivors and Disability Insurance
RSB - Recovery Startup Businesses
FFCRA - Families First Coronavirus Response Act
CARES Act - Coronavirus Aid, Relief and Economic Security Act
NOLs - Net Operating Losses
QBI - Qualified Business Income
UNICAP - Uniform Capitalization
QO Zone - Qualified Opportunity Zone
Roth IRA - Roth Individual Retirement Account (Named after Senator William Roth)
SEP - Simplified Employee Pension
GST - Generation-Skipping Tax
HSA - Health Savings Account
SALT Deduction - State and Local Tax Deduction
LTCG - Long Term Capital Gains
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