Tax Alex Schreiber Tax Alex Schreiber

2021 Tax Year in Review

After another rollercoaster of a year, now is a good time to consider the tax changes affecting 2021. The most significant changes for individuals came from American Rescue Plan Act enacted in March 2021 and the Consolidated Appropriations Act that was passed in December 2020.

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Tax Alex Schreiber Tax Alex Schreiber

Key Provisions of the New COVID-19 Relief Bill

Both chambers of Congress overwhelmingly passed a new $900 billion COVID-19 relief bill on Monday night. In addition to funding the federal government through September 2021, the legislation includes several provisions that will affect both individuals and businesses. Here are some of the highlights:

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