Senate passes amended $1.9 trillion COVID-19 stimulus bill

  • 8 March 2021
  • Author: machele
  • Number of views: 3955
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A $1.9 trillion U.S. coronavirus relief package took a step forward Saturday when the Senate voted 50–49 to approve a bill that will be sent back to the House of Representatives because the Senate changed the legislation originally approved by the House.

Known as the American Rescue Plan Act, H.R. 1319, the bill will be sent to President Joe Biden’s desk to be signed into law if it passes the House without changes. Congress is under pressure to get Biden’s signature on the bill before legislation authorizing $300 a week in federal funds added to unemployment checks expires on March 14.

Tax provisions in the American Rescue Plan Act

  • 5 March 2021
  • Author: machele
  • Number of views: 3986
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The $1.9 trillion stimulus plan passed by the House of Representatives early Saturday contains many tax provisions, including a new round of economic impact payments, a tax credit for COBRA continuation coverage, and the expansion of several other tax credits. The House passed the bill, the American Rescue Plan Act of 2021, H.R. 1319, by a vote of 219–212, and it now goes to the Senate for consideration.

Tax filing season to start Feb. 12, IRS announces

  • 18 January 2021
  • Author: machele
  • Number of views: 3611
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The IRS on Friday announced that it will start accepting and processing 2020 tax returns on Friday, Feb. 12. This is later than in most previous years, when tax season has started in January. The IRS says the delay is due to the extra time it needs for programming and testing its systems following the tax law changes made by the Consolidated Appropriations Act, 2021 (CAA 2021), P.L. 116-260, which was enacted Dec. 27.

Many tax provisions appear in year-end coronavirus relief bill

  • 22 December 2020
  • Author: machele
  • Number of views: 3700
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The omnibus spending and coronavirus relief bill passed by Congress late Monday includes many tax provisions, including the extension of various expiring provisions, extensions and expansions of certain earlier pandemic tax relief provisions, and much more. The Consolidated Appropriations Act, 2021, H.R. 133, passed both houses of Congress Monday evening, and the president is expected to sign it quickly.

COVID-19 relief bill addresses key PPP issues

  • 22 December 2020
  • Author: machele
  • Number of views: 3878
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The U.S. Senate and House of Representatives overwhelmingly passed a $900 billion COVID-19 relief bill Monday night that provides $600 stimulus payments to individuals, adds $300 to extended weekly unemployment benefits, and provides more than $300 billion in aid for small businesses.
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