How Will the American Rescue Plan Impact Your 2021 Tax Liability?
Alex Brill, Kyle Pomerleau, and Grant M. Seiter | AEIdeas
Last week, President Biden signed into law the $1.9 trillion American Rescue Plan (ARP). The plan provides economic relief to households through the tax code, making several credits fully refundable and advanceable and providing stimulus checks that already started arriving in bank accounts this past weekend. We have created a web application to help users explore how the American Rescue Plan will impact their 2021 federal tax liability.