Yes, we see the new round of stimulus money at $1,400 per person. Yes we see that $10,000 of unemployment insurance income is not taxable. Did you see that losses for unincorporated businesses are going to be limited/Yes, it is buried in the fine print!
Let’s await those details.
In the meantime, have you filed your 2020 tax return yet? If yes, you may need to amend to take advantage of the new laws. Don’t delay calling your tax preparer to see how this new American Rescue Package affects you.