On Sunday, December 27, President Trump signed the Consolidated Appropriations Act, 2021, CAA 2021. The Act contains numerous individual, business, payroll, disaster, and energy-related tax provisions, as well as tax extenders. Many of the provisions, including $600 stimulus payments, and an extension of payroll credits, relate to the COVID-19 pandemic.
On Monday, December 28, the House of Representatives passed legislation increasing the $600 stimulus payment of the CAA 2021 to $2,000. The bill now goes to the Senate.
We’ve received numerous phone calls about updating payment information etc. At this point we do not have the details, but we will post more information as we receive it.