Here is the text for the American Rescue Plan. We will have a video up here shortly breaking it down.
If you are a small business owner, self employed, independent contractor or on a marketplace plan you should take a closer look at the American Rescue Plan Act. The new act has a marketplace tax credit change that has given back the premium tax credit even if you didn't end up qualifying. Of course, check the details but if you have a marketplace plan take a closer look and speak with your accountant. Yes, your accountant, since this is going to be reflected on your 2020 taxes and you could be getting a second refund.