Consolidated Appropriations Act

Updated as of December 31, 2020 at 9:30 am

President Trump signed the Consolidated Appropriations Act, 2021 (HR 133, “the Act”) into law late Sunday evening December 27th. The Act addressed the much-awaited Paycheck Protection Program (“PPP”) deductibility as well as extensions for many CARES Act provisions. In addition, several tax incentives (“extenders”) set to expire December 31, 2020 were extended. The bill was over 5,500 pages and as such we have highlighted several relevant provisions for you. Please see our full write up here.

Business Incentives

Individual Incentives


The Act extended many expiring tax provisions, typically known as the extenders. Many of these were extended for one year only including:

The following provisions were extended through 2023:

The following provisions were extended through 2025

The following expiring tax provisions were made permanent:

Please check our COVID-19 Resources page or consult with your MHCS adviser for the latest updates on this evolving matter and as more information becomes available.