{"id":1923,"date":"2021-01-13T20:27:12","date_gmt":"2021-01-14T01:27:12","guid":{"rendered":"https:\/\/www.thewealthguardians.com\/staging\/3023\/?p=1923"},"modified":"2022-01-06T16:53:14","modified_gmt":"2022-01-06T21:53:14","slug":"5-highlights-of-the-new-stimulus-package","status":"publish","type":"post","link":"https:\/\/www.thewealthguardians.com\/staging\/3023\/5-highlights-of-the-new-stimulus-package\/","title":{"rendered":"5 Highlights of the New Stimulus Package"},"content":{"rendered":"

<\/p>\"5\n

After a bit of political posturing in December, the $900 billion Consolidated Appropriations Act of 2021 (2021 CAA) was signed into law by President Trump as the COVID-19 pandemic continues to impact employers and employees.<\/p>\n

Here\u2019s a quick recap of five key highlights:<\/p>\n

Stimulus Checks:\u00a0<\/strong>The new law authorized a second round of $600 checks for people with income that meets the criteria. The checks start to phase out for individuals who earned at least $75,000 in 2019 and $150,000 for joint filers.1<\/sup><\/p>\n

Unemployment Benefits:<\/strong>\u00a0The law provides up to $300 per week in enhanced benefits through March 2021. The benefits extend to self-employed individuals and gig workers.2<\/sup><\/p>\n

Student Loan Repayment:<\/strong>\u00a0The 2021 CAA extends the provision that allows employers to repay up to $5,250 annually towards an employee\u2019s student loan payments. The payments are tax-free to the employee.3<\/sup><\/p>\n

\"\"<\/a>
\n>>CLICK HERE TO GET YOUR COPY OF OUR FREE GUIDE<\/em><\/strong><\/span><\/a><\/p>\n

Small Businesses:<\/strong>\u00a0The 50% limit on the deduction for business meals has been lifted. Business meal expenses after December 31, 2020, and before January 1, 2023, may now be fully deductible. Please consult your tax, legal, or accounting professional for more specific information regarding this provision.4<\/sup><\/p>\n

PPP Loans:<\/strong>\u00a0The new law contains $284 billion in relief for a second round of Payment Protection Program loan funding. Businesses with 300 or fewer employees may be eligible for a second loan. \u201cSecond-draw\u201d loans are available through March 31, 2021.5<\/sup><\/p>\n

As 2021 gets underway, expect some additional guidance from regulators on 2021 CAA. Our office will keep an eye out for updates and pass information as it becomes available.<\/p>\n

\n

SOURCES:<\/strong><\/p>\n

    \n
  1. USAToday.com, December 31, 2020<\/li>\n
  2. CNBC.com, December 21, 2020<\/li>\n
  3. ThinkAdvisor.com, December 30, 2020<\/li>\n
  4. ThinkAdvisor.com, December 30, 2020<\/li>\n
  5. Forbes.com, December 29, 2020<\/li>\n<\/ol>\n

    <\/p>\n<\/body>","protected":false},"excerpt":{"rendered":"

    After a bit of political posturing in December, the $900 billion Consolidated Appropriations Act of 2021 (2021 CAA) was signed into law by President Trump as the COVID-19 pandemic continues to impact employers and employees. Here\u2019s a quick recap of […]<\/p>\n","protected":false},"author":3,"featured_media":1925,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[96,98,97],"tags":[],"class_list":["post-1923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-caronavirus","category-ppp-loans","category-stimulus-package"],"yoast_head":"\n5 Highlights of the New Stimulus Package - The Wealth Guardians<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Highlights of the New Stimulus Package - The Wealth Guardians\" \/>\n<meta property=\"og:description\" content=\"After a bit of political posturing in December, the $900 billion Consolidated Appropriations Act of 2021 (2021 CAA) was signed into law by President Trump as the COVID-19 pandemic continues to impact employers and employees. Here\u2019s a quick recap of […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/\" \/>\n<meta property=\"og:site_name\" content=\"The Wealth Guardians\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-14T01:27:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-06T21:53:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.thewealthguardians.com\/wp-content\/uploads\/2021\/01\/1.15.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"560\" \/>\n\t<meta property=\"og:image:height\" content=\"315\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Brooks Brown\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Brooks Brown\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/\"},\"author\":{\"name\":\"Brooks Brown\",\"@id\":\"https:\/\/www.thewealthguardians.com\/#\/schema\/person\/8d9c46b00a53c43619dcc5a1d6c76d59\"},\"headline\":\"5 Highlights of the New Stimulus Package\",\"datePublished\":\"2021-01-14T01:27:12+00:00\",\"dateModified\":\"2022-01-06T21:53:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/\"},\"wordCount\":269,\"publisher\":{\"@id\":\"https:\/\/www.thewealthguardians.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-content\/uploads\/2021\/01\/1.15.jpg\",\"articleSection\":[\"Caronavirus\",\"PPP Loans\",\"Stimulus Package\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/\",\"url\":\"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/\",\"name\":\"5 Highlights of the New Stimulus Package - The Wealth Guardians\",\"isPartOf\":{\"@id\":\"https:\/\/www.thewealthguardians.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-content\/uploads\/2021\/01\/1.15.jpg\",\"datePublished\":\"2021-01-14T01:27:12+00:00\",\"dateModified\":\"2022-01-06T21:53:14+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/#primaryimage\",\"url\":\"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-content\/uploads\/2021\/01\/1.15.jpg\",\"contentUrl\":\"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-content\/uploads\/2021\/01\/1.15.jpg\",\"width\":560,\"height\":315,\"caption\":\"5 Highlights of New Stimulus Plan\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.thewealthguardians.com\/staging\/3023\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"5 Highlights of the New Stimulus Package\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.thewealthguardians.com\/#website\",\"url\":\"https:\/\/www.thewealthguardians.com\/\",\"name\":\"The Wealth Guardians\",\"description\":\"Protecting your retirement from market loss with Safe money strategies\",\"publisher\":{\"@id\":\"https:\/\/www.thewealthguardians.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.thewealthguardians.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.thewealthguardians.com\/#organization\",\"name\":\"The Wealth Guardians\",\"url\":\"https:\/\/www.thewealthguardians.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.thewealthguardians.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-content\/uploads\/2019\/04\/Logo450.png\",\"contentUrl\":\"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-content\/uploads\/2019\/04\/Logo450.png\",\"width\":450,\"height\":343,\"caption\":\"The Wealth Guardians\"},\"image\":{\"@id\":\"https:\/\/www.thewealthguardians.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.thewealthguardians.com\/#\/schema\/person\/8d9c46b00a53c43619dcc5a1d6c76d59\",\"name\":\"Brooks Brown\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.thewealthguardians.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/fb95231ac51d061d5a863a5c9e6de6cd18cc97ffd5cc0855c5154a918956dd87?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/fb95231ac51d061d5a863a5c9e6de6cd18cc97ffd5cc0855c5154a918956dd87?s=96&d=mm&r=g\",\"caption\":\"Brooks Brown\"},\"sameAs\":[\"https:\/\/shoutoutllc.com\"],\"url\":\"https:\/\/www.thewealthguardians.com\/staging\/3023\/author\/brooks\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"5 Highlights of the New Stimulus Package - The Wealth Guardians","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/","og_locale":"en_US","og_type":"article","og_title":"5 Highlights of the New Stimulus Package - The Wealth Guardians","og_description":"After a bit of political posturing in December, the $900 billion Consolidated Appropriations Act of 2021 (2021 CAA) was signed into law by President Trump as the COVID-19 pandemic continues to impact employers and employees. Here\u2019s a quick recap of […]","og_url":"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/","og_site_name":"The Wealth Guardians","article_published_time":"2021-01-14T01:27:12+00:00","article_modified_time":"2022-01-06T21:53:14+00:00","og_image":[{"width":560,"height":315,"url":"https:\/\/www.thewealthguardians.com\/wp-content\/uploads\/2021\/01\/1.15.jpg","type":"image\/jpeg"}],"author":"Brooks Brown","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Brooks Brown","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/#article","isPartOf":{"@id":"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/"},"author":{"name":"Brooks Brown","@id":"https:\/\/www.thewealthguardians.com\/#\/schema\/person\/8d9c46b00a53c43619dcc5a1d6c76d59"},"headline":"5 Highlights of the New Stimulus Package","datePublished":"2021-01-14T01:27:12+00:00","dateModified":"2022-01-06T21:53:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/"},"wordCount":269,"publisher":{"@id":"https:\/\/www.thewealthguardians.com\/#organization"},"image":{"@id":"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/#primaryimage"},"thumbnailUrl":"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-content\/uploads\/2021\/01\/1.15.jpg","articleSection":["Caronavirus","PPP Loans","Stimulus Package"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/","url":"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/","name":"5 Highlights of the New Stimulus Package - The Wealth Guardians","isPartOf":{"@id":"https:\/\/www.thewealthguardians.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/#primaryimage"},"image":{"@id":"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/#primaryimage"},"thumbnailUrl":"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-content\/uploads\/2021\/01\/1.15.jpg","datePublished":"2021-01-14T01:27:12+00:00","dateModified":"2022-01-06T21:53:14+00:00","breadcrumb":{"@id":"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/#primaryimage","url":"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-content\/uploads\/2021\/01\/1.15.jpg","contentUrl":"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-content\/uploads\/2021\/01\/1.15.jpg","width":560,"height":315,"caption":"5 Highlights of New Stimulus Plan"},{"@type":"BreadcrumbList","@id":"https:\/\/www.thewealthguardians.com\/5-highlights-of-the-new-stimulus-package\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.thewealthguardians.com\/staging\/3023\/"},{"@type":"ListItem","position":2,"name":"5 Highlights of the New Stimulus Package"}]},{"@type":"WebSite","@id":"https:\/\/www.thewealthguardians.com\/#website","url":"https:\/\/www.thewealthguardians.com\/","name":"The Wealth Guardians","description":"Protecting your retirement from market loss with Safe money strategies","publisher":{"@id":"https:\/\/www.thewealthguardians.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.thewealthguardians.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.thewealthguardians.com\/#organization","name":"The Wealth Guardians","url":"https:\/\/www.thewealthguardians.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.thewealthguardians.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-content\/uploads\/2019\/04\/Logo450.png","contentUrl":"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-content\/uploads\/2019\/04\/Logo450.png","width":450,"height":343,"caption":"The Wealth Guardians"},"image":{"@id":"https:\/\/www.thewealthguardians.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.thewealthguardians.com\/#\/schema\/person\/8d9c46b00a53c43619dcc5a1d6c76d59","name":"Brooks Brown","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.thewealthguardians.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/fb95231ac51d061d5a863a5c9e6de6cd18cc97ffd5cc0855c5154a918956dd87?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fb95231ac51d061d5a863a5c9e6de6cd18cc97ffd5cc0855c5154a918956dd87?s=96&d=mm&r=g","caption":"Brooks Brown"},"sameAs":["https:\/\/shoutoutllc.com"],"url":"https:\/\/www.thewealthguardians.com\/staging\/3023\/author\/brooks\/"}]}},"_links":{"self":[{"href":"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-json\/wp\/v2\/posts\/1923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-json\/wp\/v2\/comments?post=1923"}],"version-history":[{"count":4,"href":"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-json\/wp\/v2\/posts\/1923\/revisions"}],"predecessor-version":[{"id":2525,"href":"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-json\/wp\/v2\/posts\/1923\/revisions\/2525"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-json\/wp\/v2\/media\/1925"}],"wp:attachment":[{"href":"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-json\/wp\/v2\/media?parent=1923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-json\/wp\/v2\/categories?post=1923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thewealthguardians.com\/staging\/3023\/wp-json\/wp\/v2\/tags?post=1923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}