American Rescue Plan Act (ARPA) of 2021 Several ARPA provisions affect the 2020 tax return people are filing in 2021, including exempting up to $10,200 in unemployment compensation from tax and another benefiting people who purchased subsidized health coverage through federal or state Health Insurance Marketplaces. The law also includes the third round of Economic Impact Payments, […]

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IR-2021-169, Aug. 13, 2021 WASHINGTON — The Internal Revenue Service and the Treasury Department announced today that millions of American families are now receiving their advance Child Tax Credit (CTC) payment for the month of August as direct deposits begin posting in bank accounts and checks arrive in mailboxes. This second batch of advance monthly […]

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Economic Impact Payments are funds to help people during the coronavirus pandemic. The Third Economic Impact Payments are now on the way. We’re now sending the Third Economic Impact Payments in accordance with the American Rescue Plan Act of 2021, signed into law on March 11, 2021. The IRS is mailing Notice 1444-C to people who received a third […]

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