Recovery Rebates

Recovery Rebate
COVID-19

Individuals: What You Need To Know About The CAA

The CAA or Consolidated Appropriations Act, 2021 includes two tax relief acts that directly impact individual taxpayers. First is the COVID-related Tax Relief Act of 2020 (CRTRA), which provides an additional recovery rebate for individuals. The second is the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTRA).

DMLO CPAs February 1, 2021
$100 dollar bills
COVID-19

CARES Act: 2020 Recovery Rebates

Eligible individuals will receive rebate payments ($1,200 to individuals and $2,400 to married filing jointly) via direct deposit or check if they filed a tax return or received social security payments in 2018 or 2019.

DMLO CPAs April 1, 2020

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