President Trump signed the Consolidated Appropriations Act 2021 (CAA) into law on December 27, 2020. This bill is one of the largest ever enacted at $2.3 trillion, which combines $900 billion in COVID-19 stimulus relief and a $1.4 trillion 2021 federal fiscal-year spending bill. This is the first bill to address the pandemic since March 2020 and contains numerous tax provisions and extenders to the CARES Act. Today’s post is part one of a multi-blog series and will focus on the Individual Provisions of the CAA. We will write about other key provisions and extenders in detail in the coming weeks.
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