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.
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
Instructional Method: Self-Study
NASBA Field of Study: Taxes
Program Prerequisites: Basic understanding of federal tax code.
Advanced Preparation: None
Publish Date: March 29, 2021