TaxGuyBill
Level 15
10-19-2021
12:47 PM
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American Rescue Act, Section 9661:
‘‘(E) TEMPORARY RULE FOR 2021 AND 2022.—In the case of a taxable year beginning in 2021 or 2022, subparagraph (A) shall be applied without regard to ‘but does not exceed 400 percent’.’’.
It increases the potential credit too. And if a person collects Unemployment, their income is considered to max out a 133%.