Congress has passed and the President has signed the Consolidated Appropriations Act, 2021 providing pandemic relief, stimulus, and extenders. The bill extends several popular provisions of earlier COVID relief and stimulus bills passed in 2020. This includes additional loans under the Paycheck Protection Program (PPP) (including the allowance of a second round of loans for certain small businesses), relief for the hard-hit transportation industry, additional funding for programs related to vaccines and virus testing, and further expansion of federal unemployment assistance.
In this overview of the Consolidated Appropriations Act, 2021 learn more about:
- Direct Stimulus Payments
- Extension and Modification of COVID Relief
- Charitable Contributions
- Disaster Tax Relief and Miscellaneous