"Earlier this afternoon, President Biden signed the American Rescue Plan Act into law. The bill includes many provisions that have major tax impacts for 2020 and 2021 tax returns. The act included details on many of the changes, including:
2020 tax-free unemployment benefits
Retroactive refunding of the advanced premium tax credit
Recovery rebates to individuals
Expanded child tax credit and earned income credit"
Source: National Association of Tax Professionals
American Rescue Plan Act