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American Rescue Plan Act/Stimulus 3.0: Huge changes in the midst of tax season — and what they mean to you

American Rescue Plan Act/Stimulus 3.0: Huge changes in the midst of tax season and what they mean to you
Allen Beatty - Contributing columnist
President Biden signed the American Rescue Plan Act of 2021 on March 11. I tend to label this as “Stimulus 3.0” as the most notable item is the direct payments coming soon of $1,400 to certain citizens. In fact, one of my clients already received their payment as early as Saturday, March 13!
However, there are many more provisions in this law than just the direct payments.
This article is not meant to be a full explanation of the act. Rather it is meant to be an attempt to share the highlights of key provisions for individuals I encounter at the college’s VITA (Volunteer Income Tax Assistance) program, or in my own small practice and other similar taxpayers in the Clinton County community. ....

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Where's My Stimulus Payment? Maybe in Your Account. (Finally!)

Whereâs My Stimulus Payment? Maybe in Your Account. (Finally!)
The latest round of payments are the biggest yet, and open to more kinds of dependents. But some hassles encountered in past rounds could show up again, and maybe new ones, too.
President Biden signed the pandemic stimulus legislation, the American Rescue Plan Act, with Vice President Harris in the Oval Office last week.Credit.Doug Mills/The New York Times
March 17, 2021
For the third time in less than a year, the federal government is sending stimulus payments to millions of Americans, no small logistical feat. But that doesnât mean it will go smoothly for everyone. ....

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COVID relief package to help over 100,000 NJ uninsured get covered

COVID relief package to help over 100,000 NJ uninsured get covered
app.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from app.com Daily Mail and Mail on Sunday newspapers.

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COVID relief package to help over 100,000 NJ uninsured get covered

COVID relief package to help over 100,000 NJ uninsured get covered
dailyrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyrecord.com Daily Mail and Mail on Sunday newspapers.

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COVID Relief Act: COBRA Premium Subsidies and Assistance Programs

New COVID Relief Act Provides COBRA Premium Subsidies and Increased Exclusion for Employer-Provided Dependent Care Assistance Programs
Monday, March 15, 2021
On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021 (the “Act”). As part of the almost $2 trillion in relief, the Act contains provisions creating a temporary subsidy for premium payments for extended health care coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), as well as increasing the income exclusion for employer-provided dependent care assistance programs in 2021.
As group health plans will likely see an increase in COBRA continuation coverage elections as a result of the COBRA premium subsidy, group health plan sponsors and plan administrators should ensure they are complying with the complex administrative requirements under recent guidance from the Department of Labor, Department of the Treasury and Internal Revenue ....

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