American Rescue Plan Act



President Joe Biden signed the American Rescue Plan Act of 2021 into law March 11. You can view the full report here. 

The Act largely aligns with the framework put forth by President Biden before his inauguration on January 20. It includes extensions of enhanced unemployment relief, increased funding for COVID-19 testing and vaccination programs, aid to state and local governments, and assistance to schools to help get students back into classrooms. 

The Act also includes a number of tax provisions, including a third round of direct stimulus payments, enhancements of many personal credits meant to benefit people with lower incomes and children, extensions of highly popular payroll tax credits for employers first instituted at the beginning of the pandemic, and changes related to retirement plan funding. 

 

Michelle Pike shares retirement tips

Michelle Pike shares retirement tips

Principal and Financial Planner Michelle Pike shared her expertise on planning for retirement with the Birmingham Business Journal. A CERTIFIED FINANCIAL PLANNER™ and Accredited Estate Planner®, Michelle has over 20 years ... Read More
Provider Relief Fund Reporting Portal now open

Provider Relief Fund Reporting Portal now open

The Provider Relief Fund Reporting Portal opened July 1, and the reporting deadline is rapidly approaching. Now is the time to determine if you’re affected and create a reporting plan ... Read More
Safe Harbor 401(k) Plan Deadline Approaching

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A safe harbor 401(k) plan includes an employer match, which will eliminate many of the plan’s annual compliance tests. By including a safe harbor provision in a 401(k) plan, highly ... Read More