How will the latest COVID-19
legislation affect your taxes?

On Dec. 21, Congress passed the Consolidated Appropriations Act, which includes numerous COVID-19 relief provisions for businesses and individuals, as well as extensions and expansions of some other tax breaks.

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CARES Act includes tax relief for
individuals and businesses

This massive COVID-19 relief/stimulus legislation signed into law in March of 2020 addresses retirement plans, charitable giving, payroll taxes, business losses and more.

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The CAA revises education tax credits and deductions

In addition to providing COVID-19 relief, the Consolidated Appropriations Act made changes to certain higher education tax benefits.

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What's changed under the newly revised employee retention credit?

The employee retention tax credit is further enhanced by the Consolidated Appropriations Act.

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