On December 21, 2020, Congress passed the Consolidated
Appropriations Act 2021 (the "Act"), a massive tax,
funding and spending bill that contains a nearly $900 billion
coronavirus aid package. The emergency coronavirus relief package
aims to bolster the economy, provide relief to small businesses and
the unemployed, deliver checks to individuals, and provide funding
for COVID-19 testing and the administration of vaccines. The more
than 5,500-page bill was signed into law by President Trump on
December 27.
The coronavirus relief package contains another round of
financial relief for individuals in the form of cash payments and
enhanced federal unemployment benefits. Individuals who earn
$75,000 or less annually generally will receive a direct payment of
$600. Qualifying families will receive an additional $600 for each
child. According to Treasury Secretary Mnuchin, these checks could
be distributed before the end of 2020. To provide emergency
financial assistance to
