Numerous tax changes were enacted as part of the American Rescue Plan Act, which was signed into law in March 2021. This act was enacted to assist individuals and businesses in coping with the continued economic disruption caused by the COVID-19 epidemic.
Additionally, late in December 2020, additional tax measures were enacted that would affect this filing season. To assist your clients in planning, the following is a summary of the key provisions of recent tax law changes.
