Sidney Kess Tax-Free Income for Individuals
The American Rescue Plan Act of 2021 created tax-free treatment for certain items and extended existing tax-free treatment for others. In addition, there are a number of rules—both old and new—that provide tax-free treatment for individuals.
January 24, 2022 at 12:45 PM
5 minute read
Tax
Tax season is about to get underway and individuals are looking for ways to minimize federal income taxes. Fortunately, the American Rescue Plan Act of 2021 (ARPA) (P.L. 117-2) created tax-free treatment for certain items and extended existing tax-free treatment for others. In addition, there are a number of rules—both old and new—that provide tax-free treatment for individuals.
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