Yesterday, President Biden signed into law his first legislative act related to the COVID-19 crisis. Among its near 600-page content, the American Rescue Plan Act of 2021 (ARPA) provides a 2021 $1,400 Recovery Rebate Credit (RRC) per eligible individual and dependent. Dependents include qualifying children and qualifying relatives. Contrarily, the rebates under the CARES Act only included qualifying children. Today we will discuss the details of the 2021 RRC, including the advanced payments, which are expected to begin disbursement soon.

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