The American Relief Plan Act included an under-the-radar change that could impact a substantial number of individual taxpayers. As part of the Act, Congress has extended 1099-K reporting to $600 of total payments received. Anyone that sells on Ebay, Etsy, or a similar secondary market could now require a Schedule C when they file their 2021 Form 1040.

The federal government has allocated unprecedented new resources to K-12 schools in response to the Coronavirus pandemic, much of it via Elementary and Secondary School Emergency Relief (ESSER) funds. These new dollars, if used well, have the potential to benefit students and support the viability of schools hit hard financially by the pandemic.