Key Tax Provisions of COVID Relief Bill
Burr Forman
DECEMBER 23, 2020
Congress passed the Consolidated Appropriations Act, 2021 (the Act) on December 21, 2020. Clarifies that personal protective equipment purchases paid or incurred after March 12, 2020 qualify for the educator expense tax deduction. Renews and sets the New Markets Tax Credit national limits at $5 billion for 2021-2025.
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