Published in NH Bar
News (2/17/2021)
On December 27, 2020, President Trump signed into law the
COVID-Related Tax Relief Act of 2020, part of H.R. 133, the
Consolidated Appropriations Act, 2021, (the
“Act”). Although the initial political focus was
whether the Act s $600 per individual direct payment was
sufficient, the 5,593-page legislation contains numerous provisions
that will impact employer sponsored benefit plans for years to
come. The Act follows the 2019 SECURE Act and the 2020 CARES Act in
making significant changes to the Tax Code and other federal laws
impacting benefit plans. Below are some of the key provisions
relating to welfare plans, retirement plans and other employer