What the American Rescue Plan Act Means for You!

        The $1.9 trillion American Rescue Plan (ARP) has many parts to it. The ARP was enacted on March 11, 2021 and some aspects have already gone into action. With something this large, it is difficult to truly understand what it will do unless you look at its different components.

          That is what we will do. Over the next few posts, we will discuss how the ARP changes things. It was designed to essentially touch some aspect of our lives, from COVID vaccines to unemployment payments, and increases to different tax credits. Some have been talked about at length, others are less well known and the effects may only be seen in the near future. Our next post will discuss how the Internal Revenue Service (IRS) will be impacted by the ARP.

Comments

Popular posts from this blog

What is Fair in the Tax System?

What is the Educator Expense Deduction for 2023?

Internal Revenue Service to End Surprise In-Person Visits