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| Author : | Andrew Clark, EA |
| Course Length : | Pages: 66 ||| Word Count: 37,581 ||| Review Questions: 15 ||| Final Exam Questions: 25 |
| CPE Credits : | 5.0 |
| IRS Credits : | 5 |
| Price : | $44.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - NASBA Registry - IRS Enrolled Agents |
| Technical Designation: | Technical |
| Primary Subject-Field Of Study: | Taxes - Taxes for Course Id 2063 |
| Description : | The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package, is a $1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021. This act was passed to speed up the United States' recovery from the economic and health effects of the COVID-19 pandemic and the ongoing recession. This legislation was first proposed on January 14, 2021, the package builds upon many of the measures in the CARES Act from March and in the Consolidated Appropriations Act, 2021, from December. |
| Usage Rank : | 15000 |
| Release : | 2024 |
| Version : | 1.0 |
| Prerequisites : | Basic understanding of federal tax code. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
IRS Newsroom
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 05-Jul-2024 |
| NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
| Approved Audience : | NASBA QAS - Text - NASBA Registry - IRS Enrolled Agents - 2063 |
| Keywords : | Taxes, American, Rescue, Plan, Act, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives At the end of this course, students will be able to:
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| Course Contents : | Chapter 1 - American Rescue Plan Act Course Learning Objectives Introduction Key Elements of the Act Tax provisions Grants to small businesses Education funding Funding for housing COVID-19 and Healthcare Funding Transportation provisions Changes to healthcare Medicaid and CHIP changes: State and Local Aid The Child Tax Credit stimulus changes New Child Tax Credit 2021 changes Credit amount increases New Child Tax Credit change #1: Credit amount increase New Child Tax Credit change #2: Expanded Credit phaseout New Child Tax Credit change #3: Credit amounts are refundable New Child Tax Credit change #4: New advance payments Offsets and additional information Final Notes Regarding The Interim Final Rule (IFR) Regarding the American Rescue Plan Overview of the American Rescue Plan Act IFR Obligation and Spending Deadlines COVID-19 Response Premium Pay for Essential Workers Lost Revenue and Government Services Infrastructure Special Rules Relating to Tribal Government Recipients Part 1 Review Questions Part 1 Review Question Answers American Rescue Plan Act of 2021 in More Detail Key elements of the Act Tax provisions Grants to small businesses Education funding Funding for housing COVID-19 and Healthcare Funding Transportation provisions Changes to healthcare Medicaid and CHIP changes: The Child Tax Credit stimulus changes New Child Tax Credit 2021 changes Credit amount increases New Child Tax Credit change #1: Credit amount increase New Child Tax Credit change #2: Expanded Credit phaseout New Child Tax Credit change #3: Credit amounts are refundable New Child Tax Credit change #4: New advance payments Part 2 Review Questions Glossary |
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