Sidney Kess
A number of tax law changes were enacted in 2020 to enable individuals and businesses to get through the pandemic. These included changes made by the CARES Act and the Consolidated Appropriations Act, 2021. Many of the changes were temporary, which means that individuals and businesses now must use old tax rules or revised rules in figuring taxes for 2021. Here is a rundown of some changes for 2021 income tax returns that result from COVID-19-related laws. Because many of the rules triggered by the pandemic were temporary, the IRS only provided informal guidance on these rules via notices and FAQs.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
