The American Rescue Plan Act of 2021 aka the Covid-19 Stimulus Package aka American Rescue Plan is the $1.9 trillion economic stimulus bill enacted on March 11, 2021.
You don’t need to know all the names for the Act, or all the details, but the Huddle Guys are here to help you understand what parts may be relevant to your bottom line. For many, that can be the 2021 revisions to the Child Tax Credit.
Before Eric and Ignatious jump into the focus of this episode they have an update for early tax return filers that received unemployment benefits in 2020…the ARP may adjust the amount of that benefit that was taxable. Business owners, Employee Retention Credit, There is a lot covered in this episode. Get pen and paper ready…and add the Huddle Guys to your speed dial. It’s time to huddle up!
