Where can I find information about changes to my income or business taxes under the American Rescue Plan Act?
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.
- Coronavirus Tax Relief, Recovery Rebate Credit and Economic Impact Payments for Individuals and Families – IRS
- Coronavirus Tax Relief for Businesses and Tax-Exempt Entities – IRS
- FACT SHEET: The American Rescue Plan Will Deliver Immediate Economic Relief to Families – Department of the Treasury
- The American Rescue Plan Act Greatly Expands Benefits through the Tax Code in 2021 – Tax Foundation External
- American Rescue Plan Act Includes Critical Expansions of Child Tax Credit and EITC – Center on Budget and Policy Priorities External
- Key Tax Provisions in the American Rescue Plan Act of 2021 Affecting Individuals – Weaver & Tidwell, LLP External
- American Rescue Plan Act Passes with Many Tax Components – Journal of Accountancy External
- Child Tax Credit Enhancements Under the American Rescue Plan – Institute on Taxation and Economic Policy External
Additional Ways to Contact Us
Send written correspondence to:
The Law Library of Congress
101 Independence Avenue
Washington, DC 20540-4860
We cannot provide legal advice, interpretation, or analysis which could be interpreted as the practice of law; extensive bibliographies or legislative histories; or answers for student homework assignments.