The Internal Revenue Service (IRS) recently provided an overview of some of the key tax provisions in the American Rescue Plan Act (ARPA).
Tax law updates and changes are never-ending. To keep abreast of updated developments, you will want to regularly check the IRS.gov site.
Taxpayers who have already filed their 2020 returns are urged to avoid filing amended returns, refund claims or contacting the IRS about obtaining newly-enacted tax benefits. Instead, the IRS will automatically provide these benefits to eligible filers as stated in the link below to the article.
Please click here to learn more about the ARPA updates.
Source: Internal Revenue Service