The President Signed the American Rescue Plan Act of 2021
Today's Tax Briefing
The American Rescue Plan Act of 2021 (H.R. 1319) was signed into law by the President yesterday afternoon, just one day after the House of Representatives passed it by a vote of 220-211.

Among the act’s many provisions are several tax items. Most of the tax provisions that were in the House version of the bill were unchanged in the Senate’s version, but the tax treatment of 2020 unemployment benefits, the phaseout ranges for economic impact payments, and the treatment of student loan debt forgiveness were changed by the Senate.

One of our expert resources has provided the linked updated Tax Briefing for us to share with our clients and friends summarizing the key aspects of this newest legislation.

Please click on the picture of the article for the full report.
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