Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance child tax credit (CTC) payments, which were created in the American Rescue Plan Act (ARPA), will begin being made on July 15, 2021. How have child tax credits changed? The ARPA temporarily expanded and made CTCs refundable
American Rescue Plan Act Archives - Crawford Ellenbogen
Jun 8, 2021
Many parents will receive advance tax credit payments beginning July 15
- By Victor Dozzi
- Taxes
- 0 Comments
Read More
Mar 16, 2021
Business highlights in the new American Rescue Plan Act
- By Victor Dozzi
- Business, Taxes
- 0 Comments
President Biden signed the $1.9 trillion American Rescue Plan Act (ARPA) on March 11. While the new law is best known for the provisions providing relief to individuals, there are also several tax breaks and financial benefits for businesses. Here are some of the tax highlights of the ARPA. The Employee Retention Credit (ERC). This