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The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession.
Nearly 5 million taxpayers who have unpaid tax bills from 2020 and 2021 will have almost $1 billion in penalty fees waived by the Internal Revenue Service (IRS). The IRS announced penalty relief ...
The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...
The second-biggest piece of the 2021 COVID relief package was the expanded Child Tax Credit — and if you qualified for it, this will affect your taxes. “For those with children, your tax ...
The IRS Fresh Start program or Fresh Start initiative was established in 2011 to help eligible taxpayers manage past-due tax debts. The program is designed to aid people who don’t have a prior ...
Coronavirus relief bill. Several coronavirus relief bills have been considered by the federal government of the United States: Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, enacted March 6, 2020; $8.8 billion. Families First Coronavirus Response Act, enacted March 18, 2020; $104 billion. CARES Act, enacted March ...
Educational assistance programs have been available for many years, the IRS noted, but the option to use them to pay student loans has been available only for payments made after Mar. 27, 2020.
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