qbteachmt
Level 15

"from Form 8962 to Sch 2"

Whew; you have some late reading to do.

March 11, 2021, American Rescue Plan, a $1.9 billion law, signed into law by Pres. Biden. It's been all over the news. It's the reason you exclude the first $10,200 of Unemployment, too. There's a bunch of stuff in place effective 2021. There's retroactive stuff. There is a bunch of stuff that carries back. There is some stuff that carries forward.

Start here:

https://www.journalofaccountancy.com/news/2021/mar/tax-components-coronavirus-relief-bill.html

https://taxfoundation.org/american-rescue-plan-covid-relief/

 

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