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Taxpayer First Act provisions

The Virginia Beach Strong Act, Pub. L. No. 116-98, signed December 20, 2019, confirms that cash contributions made on or after May 31, 2019, for the exclusive benefit of the families of the dead or wounded victims of the mass shooting in Virginia Beach, Virginia, on May 31, 2019, may qualify as deductible charitable contributions.

The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, was enacted in March 2020 and created a refundable tax credit for individuals. The advance payment of this ¡°2020 recovery rebate for individuals¡± is referred to as the first round of economic impact payments (First Round EIPs). The tabulations found on this page provide data on those First Round EIPs, which were distributed to individuals by the end of 2020.

Publication 4344, Advisory Committee on Tax Exempt and Government Entities (ACT) Report of Recommendations

Publication 5187, Affordable Care Act: What you and Your Family Need to Know, covers some of the tax provisions of the Affordable Care Act (ACA). It provides information about the individual shared responsibility and the premium tax credit. A glossary is included to help taxpayers understand some terms related to the health care law.

Publication 5855, Inflation Reduction Act (IRA): Prevailing Wage & Registered Apprenticeship Overview - To qualify for increased credit or deduction amounts of certain clean energy tax incentives, taxpayers generally need to ensure that laborers and mechanics employed in the construction, alteration, or repair are paid no less than applicable prevailing wage rates and to employ apprentices from registered apprenticeship programs for a certain number of hours.

Non-precedential legal advice re: Legal Fees Incurred by Drug Manufacturers Under the Hatch-Waxman Act

Use Form 15293, Consent for Disclosure of Non-Tax IRS Records Protected under the Privacy Act, to grant permission for disclosure of your non-tax personal information. If submitting this form electronically, send through the online portal using the hyperlink in the instructions.

Summarizes history of legislation, regulations and rulings on various ACA- related issues for employers

Topic No. 763 The Affordable Care Act