Consolidated Appropriations Act (v23) – Self Study Course

Course Description

The Consolidated Appropriations Act, 2021 (H.R. 133) was a $2.3 trillion spending bill that combines $900 billion in stimulus relief for the COVID-19 pandemic in the United States with a $1.4 trillion omnibus spending bill for the 2021 federal fiscal year (combining 12 separate annual appropriations bills) and prevents a government shutdown.) It is a follow-on to both the CARES Act and Paycheck Protection Program passed in the spring of 2020.

Learning Objectives

At the end of this course, the student will be able to:

• Identify the total cost of the Consolidated Appropriation Act
• Identify the maximum amount of AGI taxpayers can earn before they are phased out of stimulus payments
• Determine the amount of funds allocated for specific provisions within the Consolidated Appropriation Act
• Determine the individual provisions that make up the numerous divisions within the Consolidated Appropriation Act

CPE Credit: 3 CPE for CPAs and EAs

Level: Intermediate

Instructional Method: Self-Study

NASBA Field of Study: Taxes

Program Prerequisites: Basic understanding of federal tax code.

Advanced Preparation: None

Publish Date: March 22, 2023