Where can I find information about changes to my income or business taxes under the American Rescue Plan Act?

On March 11, 2021, the American Rescue Plan Act of 2021 (ARPA), H.R. 1319, was enacted into law. The full text of ARPA as enacted is available on Congress.gov (please note that it is a long bill and can take a few minutes to fully load in some browsers). The Law Library of Congress has prepared a series of resource-driven FAQs to assist researchers with questions about ARPA. All FAQs in this series share the topic “ARPA FAQS.”

These FAQs are for reference and informational purposes only and do not constitute legal advice. They are not statements on behalf of the United States Congress and do not represent the official opinion of the United States Government. To understand how ARPA may affect an individual, household, business, or other body, researchers must review the act itself.

 

ARPA made a number of changes to the Tax Code for individuals, households, and businesses, among other groups. For example, the Act expands the child tax credit for eligible households, who will receive up to $3,000 annually for each child ages 6 to 17, and up to $3,600 annually per child under age 6. Information about the child tax credit can be found in section 9611 of the act.

Additionally, the Act designates direct economic impact statements (commonly referred to as stimulus checks) as tax credits. For information about direct stimulus payments, see the Law Library’s ARPA FAQ on that topic.

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Last Updated: Apr 02, 2021
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