ARPA was signed into law by President Biden on March 11, 2021. The COVID-19 Relief package is one of the largest in U.S. history, with significant impact on both individuals and businesses.
coronavirus relief bill
The “American Rescue Plan” $1.9 trillion COVID-relief bill / stimulus package is headed to President Biden to sign, and looks to make tax filing even more complex.
Coronavirus relief bill includes deductibility of expenses paid with proceeds of a forgiven PPP loan, direct payments, extension of federal unemployment benefits, extension and expansion of employee retention tax credit and more.