Who, how much, and how forgiveness works.
Only you can confirm this. We capture your declaration; we don't verify it. Forgivable loans to 1099 contractors have a different tax treatment we don't support — use a different tool for those.
$5,000 to $75,000.
Forgiven in equal yearly amounts. 3 years to full forgiveness.
Forgiven in equal yearly amounts. 5 years to full forgiveness.
Nothing forgiven in year 1. Then equal yearly amounts across years 2–5.