Part 2: Episode 118 – The details of the American Rescue Plan Act of 2021 are complicated. Here’s a summary of the provisions related to Unemployment Assistance, Health Insurance, Earned Income Tax Credit, and Rent and Mortgage Payments.
Episode 117 – On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021 (“ARPA”), fulfilling one of his campaign pledges to provide additional COVID-19 pandemic relief. Because ARPA was just enacted and there are numerous provisions, we will need to wait for future guidance issued by the IRS and Department of Treasury.