Last week, Congress passed the American Rescue Plan Act, which includes tax law changes for the 2020 fiscal year.
That we need to ask this question indicates the chaos gripping this year’s tax season: Last week, Congress passed the American Rescue Plan Act, which includes tax law changes for the 2020 fiscal year. The bill passed four weeks after the IRS began accepting 2020 tax returns. In the words of one tax adviser, this is a “dumpster fire.”