American Rescue Plan Overview

On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 into law. The Act includes a number of tax and business relief provisions, including a third round of direct stimulus payments, enhancements of many personal credits meant to benefit people with lower incomes and children, extensions of highly popular payroll tax credits for employers first instituted at the beginning of the pandemic, and changes related to retirement plan funding.

We have put together this comprehensive overview of the major tax and business relief provisions.

Please do not hesitate to contact us if you have any questions or would like to understand the impact to your specific situation.

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