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As the impact of the lingering COVID-19 pandemic continues to be felt across our personal and professional lives, we are working to support our members as they serve clients and provide guidance on critical financial and tax decisions during this crisis.
Congress has passed another stimulus package, the American Rescue Plan Act of 2021 (HR 1319), and President Biden has signed, a $1.9 trillion package that aims to provide additional relief from the economic hardships caused by the pandemic and state and local governments in need of financial support.
Details about the various provisions of the legislation will be forthcoming as language and provisions are analyzed. Please keep an eye out for upcoming CalCPA communications and learning programs focused on this significant piece of legislation and its impact.