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Highlights of the New Covid Stimulus Law

The Coronavirus Response and Relief Supplemental Appropriations Act of 2021 is a $900B relief package to deliver a second round of economic stimulus for individuals, families, and businesses. The package provides relief through multiple measures and expands many of the provisions already put into place under the CARES Act. Below are some of the higher-impact items, more important elements of each provision and key callouts critical to tax professionals. Additional Round of Economic Impact Payments (EIP) Direct payments $600 per…

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