American Rescue Plan Act of 2021 (ARPA)

  • IRS Issues Guidance for American Rescue Plan Changes to the CTC, EITC, and APT

    The Internal Revenue Service has released guidance for changes to the Child Tax Credit, Earned Income Credit, and application percentage table (APT) that were included in the American Rescue Plan Act of 2021 (ARPA). The APT table is used to calculate a taxpayer’s premium tax credit (PTC) and the required contribution percentage that determines whether…