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.
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.
In addition to providing COVID-19 relief, the Consolidated Appropriations Act made changes to certain higher education tax benefits.
The employee retention tax credit is further enhanced by the Consolidated Appropriations Act.