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3 Credits in the “American Rescue Plan” Mediators Must Know About

3 Credits in the “American Rescue Plan” Mediators Must Know About

by J. Anthony Licciardello

Congress has recently passed the “American Rescue Plan”, (aka the “stimulus bill”) which has provisions that can significantly increase the benefit of child-related deductions and credits.
The law makes changes to the Child Tax Credit, Child Care Credit, and Earned Income Credit. that enhances their value to the person receiving them, especially for the 2021 tax year.