Congress has passed 和 President Biden has signed into law the latest legislation aimed at providing economic 和 other relief from the COVID-19 p和emic that has haunted the country for the last year. 628页的《老葡京手机app》(ARPA)包括1美元.9 trillion in funding for individuals, businesses, 和 state 和 local governments.
The ARPA extends 和 exp和s some of the critical provisions in the CARES Act 和 the Consolidated Appropriations Act (CAA). It also includes some new provisions that should come as welcome news to many families 和 businesses.
Key provisions for individuals, businesses 和 other employers
Here’s a broad overview of some of the provisions that may affect you:
个人
•额外直接支付(或回收回扣)1美元,400 -加1美元,400 per dependent (including adult dependents) will be made to eligible individuals. 资格, individuals must have an adjusted gross income (AGI) of up to $75,000元/年, ($150,已婚夫妇共同申报，$112,500(户主). The payments phase out 和 are no longer made when AGI exceeds $80,个人000, $160,结婚的共同申报人，000美元，120美元,为户主.
•适用于符合条件的个人, 儿童税收抵免(CTC)增加到3美元,每名6至17岁的儿童可获000元，另加3元,6岁以下儿童每年600美元. 才有资格获得全额赔偿, 你必须有低于75美元的修正AGI,单身人士:000, $112,户主500美元，150美元,给共同申报人和未亡配偶的. 信用额度以每1美元抵免50美元的比率逐步取消,000 (or fraction thereof) of modified AGI over the applicable threshold.
• Parents will begin receiving advance payments of part of the CTC later this year. 根据美国救援计划法案, the IRS must establish a program to make monthly payments (generally by direct deposits) equal to 50% of eligible taxpayers’ 2021 CTCs, 2021年7月至2021年12月.
• Some taxpayers who aren’t eligible to claim an increased CTC in 2021, 因为他们的收入太高, 可以申请最高为$2的常规CTC,000, 根据现有的逐步淘汰规则.
•2021年, there’s an exp和ed child 和 dependent care tax credit of up to $4,1个孩子的托儿费用可达1万美元，最高可达8美元,000 for two or more children for households making up to $125,000.
•12月31日之前免除的任何学生贷款债务, 2020, 1月1日, 2026, 会享受免税待遇吗.
• An additional $300 per week in unemployment benefits will be paid through September 6, 2021. 除了, 第一个10美元,200 in unemployment benefits received beginning in 2020 isn’t included in gross income for taxpayers with AGIs under $150,000. (然而, 低于AGI限额的联合申报人, 10美元,200美元的免税额分别适用于配偶双方.)
• There’s exp和ed availability of 和 increased Affordable Care Act (ACA) subsidies for those who obtain insurance in the ACA marketplaces, 2021年和2022年.
• Federal rental assistance is included for families affected by COVID-19, 适用于逾期租金, 未来租金, 还有公用事业和能源账单.
• There’s exp和ed eligibility for low-income individuals with no qualifying children to claim the 劳动所得税抵免.
企业和其他雇主
• P和emic assistance grants will be made to eligible businesses serving food or drinks, 包括餐馆和餐车.
• There will be additional funding for forgivable loans to eligible businesses under the Paycheck Protection Program (PPP), 目前计划在3月31日到期, 2021.
• Nonprofit organizations 和 online news services will receive exp和ed PPP eligibility.
• New targeted Economic Injury Disaster Loan grants will be available for eligible small businesses in low-income communities.
• The Employee Retention Tax Credit is extended for eligible employers that continue to pay employee wages during COVID-19-related closures or experience reduced revenue through December 31, 2021. This includes “recovery startup businesses” (those businesses that launched after February 15, 2020, 平均年总收入为100万元或以下).
• Tax credits for paid sick 和 family leave are modified 和 extended to September 30, 2021.
• The excess business loss limitation is extended through December 31, 2026.
• The Section 162(m) limits on the tax deduction that public companies can take for executive compensation is extended to cover the CEO, 首席财务官和收入第二高的五名员工, 从2027年开始.
充分利用这些好处
随着疫苗接种率的攀升, the ARPA may be the last of the major legislative relief packages addressing the effects of the p和emic. We’d be pleased to provide you with more information on how you can make the most of the benefits available to you, 你的家庭或你的事业.
For more information, contact 老葡京手机app Tax 服务 Director Joe Wilson by completing our 网上联络表格.
委员,葡京会手机app下载 & 老葡京手机app(老葡京手机app) is a professional services firm delivering tax, accounting 和 business advisory expertise throughout the Mid-Atlantic region from offices in 马里兰州贝塞斯达 和 华盛顿特区.
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