The American Rescue Plan Act of 2021 (ARPA), signed by President Biden on March 11, 2021, extended and significantly modified the payroll tax credits for qualifying sick leave and family leave wages. Both Covid-19-related credits were initially provided by the Families First Coronavirus Response Act. In December 2020, the Consolidated Appropriations Act of 2021 extended… Read more »
Tag: covid19
IRS, NYS Change Tax Deadline
Posted by Jonathan Ieraci & filed under COVID-19, In the News.
This past week, the Internal Revenue Service (IRS) announced that the federal personal income tax filing and payment deadline for individuals during the 2020 tax year will be extended from April 15, 2021 to May 17, 2021. This extension is applied automatically for all federal income individual tax filings. On Friday, New York State followed… Read more »
Payroll Provisions of ARPA
Posted by Jonathan Ieraci & filed under COVID-19, In the News.
What to Know About ARPA The American Rescue Plan, 2021 (ARPA, 2021) was signed by President Biden on March 11, 2021 to address the continuing economic impact the COVID-19 pandemic has had on employers and employees. President Biden signed ARPA, 2021 into law on March 11. The legislation extends and expands provisions found in the… Read more »