The American Recovery Plan Act (ARPA) doesn't sound quite as catchy as the SECURE Act or the CARES Act. But the government's new trillion-dollar plan to accelerate our country's recovery from COVID-19 is no less consequential.

In many ways, its effects are going to be more immediate as well. Most folks who qualified for tax rebate checks have already received them. And, as we discuss on today's show, ARPA's changes to some aspects of tax law could require swift action for some folks before the extended 2020 tax deadline of May 17th.