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TAX
Spotlight on
tax season
Families get new relief in returns for 2021.
By Paul Bonner
PAs assessing the start of this year’s round of client tax by the American Rescue Plan Act (ARPA), P.L. 117-2, were
return preparation can take some satisfaction in know- effective for 2021, some building on provisions from 2020. So,
Cing that they’re not likely to face a repetition of last year, while they’re no surprise this time around, these provisions PHOTO BY SIMONEN/ISTOCK
when retroactive tax law changes required revisiting many of require still-novel calculations and considerations, with a few
the returns they’d already completed. Even so, several pandem- new wrinkles in some familiar items.
ic relief measures for individual taxpayers enacted or extended On top of all that is, at the time of this writing, major new
6 | Journal of Accountancy January 2022
