Greetings to all, and happy spring! I hope everyone is enjoying the longer and warmer days.
Many of you are likely aware of the recent passage of the $1.9 trillion American Rescue Plan Act, which provides relief funding to individuals and businesses, as well as to a variety of federal programs, state and local governments and other priorities.
The news headlines about this plan have highlighted key individual relief provisions, such as stimulus checks and extended unemployment assistance. There are many more relief provisions involving housing, health insurance, student loans, child and dependent tax credits, business relief, and others. This month’s edition of Tom’s Tips focuses on key individual relief provisions in the American Rescue Plan – those that are better known, as well as the less well known and understood provisions. I encourage everyone to take a look at the content below and see what provisions may apply to you.