This course will provide an overview of the American Rescue Plan Act, the Consolidated Appropriations Act, and the CARES Act which were meant to address the hardships caused by the coronavirus pandemic. It will also provide a detailed look into the latest bill enacted from the three, the American Rescue Plan Act, and how that bill has affected the wider tax landscape within the U.S. 

Understanding these landmark bills is crucial for businesses, individuals, and governmental entities alike. This course provides a detailed overview of their key provisions, funding allocations, and impact across various sectors.

Key learning outcomes include:

• Identifying the provisions for direct economic impact payments to individuals.
• Understanding the expansion and extension of unemployment benefits.
• Exploring significant tax changes affecting individuals and businesses, including the Employee Retention Credit and changes to tax credits.
• Detailing the Paycheck Protection Program (PPP) and other aid for small businesses and specific industries.
• Analyzing funding provided to state, local, and tribal governments, healthcare systems, and other critical areas.
• Examining the specific provisions and latest guidance (including the ARPA Interim Final Rule) impacting areas from housing and transportation to education and infrastructure.

Gain essential knowledge to navigate the evolving landscape shaped by these critical legislative responses.

Field of Study: Taxes