Macro: Biden looks to shift Uncle Sam to electric autos
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Late 2021 tax-filing season start didn't slow down taxpayers

Senate OKs 3rd COVID payment, final House vote next week

Cost of COVID_face mask_money

The news is good if you're eligible for the third coronavirus financial relief payment. The Senate today, Saturday, March 6, approved the Biden Administration's American Rescue Plan.

UPDATE, Thursday, March 11, 2021: Biden signed the bill into law early in the afternoon today. He originally been scheduled to sign the bill on Friday, after it had been reviewed again and printed. However, the White House decided to move up Biden penning his enactment signature to the enrolled bill after it arrived at the White House on the night of Wednesday, March 10, so that its help provisions could begin.

The bill is headed back to the House, which is expected to pass the bill and its Senate changes next week.

The bill's overall cost still is $1.9 trillion, but the Senate jiggered how the money is distributed. In addition to the latest economic impact payment, or EIP3, of up to $1,400 per person, the Senate-tweaked plan also includes funding for cash-strapped cities and states, schools, additional unemployment benefits, tax relief for a portion of unemployment benefits, food assistance programs, rental relief and COVID-19 vaccine distribution efforts.

Today's Saturday Shout Out goes to the articles that detail what is in the revised relief measure that's heading back to the House.

Now we wait. But not for much longer.

House Majority Leader Steny Hoyer (D-Maryland) said in a statement following the Senate passage that the House will vote on the measure on Tuesday, March 9.

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Coronavirus Caveat & More Information
In 2021, we all still are dealing with extraordinary circumstances,
both in our daily lives and when it comes to our taxes.
The COVID-19 pandemic and efforts to reduce its transmission
and protect ourselves and our families means that,
for the most part, we're focusing on just getting through these trying days.

But life as we knew it before the coronavirus will return,
along with our mundane tax matters.
Here's hoping that happens soon!
In the meantime, you can find more on the virus and its effects on our taxes
by clicking Coronavirus (COVID-19) and Taxes.






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Shelly Smiths

Hopefully, soon we will get rid of this pandemic.

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