qbteachmt
Level 15
05-13-2021
04:20 PM
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"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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