CONGRESS PASSES SECOND COVID-19 RELATED STIMULUS PACKAGE
After weeks of negotiations, Congress overwhelmingly passed a second COVID-19 stimulus package – the COVID-Related Tax Relief Act of 2020 (COVIDTRA) and the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTR), both part of the Consolidated Appropriations Act, 2021 (CAA, 2021). President Trump signed the bill into law on December 27, 2020. The new stimulus package includes several employee benefits-related provisions relevant to health and welfare plans.
Benefits Related Information
Read our attorney’s alert here for details and updates on FFCRA paid leave and relief for Health and Dependent Care FSAs.
General Stimulus Information