The Infrastructure Investment and Jobs Act, signed by the President on November 15, 2021.
- Cryptocurrency
The act expands cryptocurrency reporting requirements in an effort to stem underreporting of cryptocurrency transactions. - The Employee Retention Credit
Under The American Rescue Plan Act of 2021 for wages paid after September 30, 2021, the credit has been eliminated. - Employer-Sponsored Retirement Plans
The relaxation of minimum funding requirements for employer-sponsored retirement plans is further extended, adding tax revenue projections as funding requirements are decreased. - Contributions to Water and Sewer Utilities
An exclusion for contributions to a regulated public utility for water or sewer construction is restored. - Private Activity Bonds
The authorized private activity bond uses are expanded to include qualified broadband projects and qualified carbon dioxide capture facilities. - Excise Taxes
The excise taxes on fuels, retail sales of heavy trucks and trailers, and tires are expanded. - Superfund Excise Taxes
These are restored. - Disaster Relief
Some disaster-relief tax deadlines are extended. - Tax Deadlines
The types of tax deadlines that are extended due to service in a combat zone are expanded.