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American Rescue Plan Act Mitigation Plan TemplateGalena City School District American Rescue Plan (ARP) Act Mitigation Plan Template August 15, 2023Note to Districts may use the sample template below
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The American Rescue Plan aims to provide assistance and support to various individuals and groups. Some groups who may need the American Rescue Plan include:
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The American Rescue Plan is a comprehensive economic stimulus package enacted in March 2021 to provide financial relief to individuals, families, businesses, and state and local governments affected by the COVID-19 pandemic.
Individuals and entities who received benefits or assistance from the American Rescue Plan, such as direct payments, unemployment benefits, or business financial aid, are required to report relevant income or benefits on their tax returns.
To fill out your tax forms related to the American Rescue Plan, you will need to gather documentation of benefits received, complete the relevant sections on your tax return, and report any applicable credits or adjustments as outlined by the IRS.
The purpose of the American Rescue Plan is to curb the economic fallout from the COVID-19 pandemic by providing direct financial assistance to individuals and families, supporting small businesses, funding public health responses, and aiding state and local governments.
Individuals must report any direct payments received, unemployment benefits, tax credits, and any other relevant assistance on their federal tax returns as required by the IRS.
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