Tax provisions in the American Rescue Plan Act

Tax provisions in the American Rescue Plan Act

The $1.9 trillion stimulus plan passed by the House of Representatives on Friday contains many tax provisions, including a new round of economic impact payments, a tax credit for COBRA continuation coverage, and the expansion of several other tax credits. The House...
Tax provisions in the American Rescue Plan Act

IRS provides cafeteria plan relief for the pandemic

In response to the COVID-19 pandemic, Congress enacted temporary special rules for health flexible spending arrangements (FSAs) and dependent care assistance programs under Sec. 125 cafeteria plans. The new rules were put in place as part of the Consolidated...