President Biden signed HR 3684 the Infrastructure Investment and Jobs Act into law on November 15. While this legislation doesn't contain as many tax provisions as the other bill currently on the hill, the Build Back Better Act, there are some important changes to be aware of. The Employee Retention Tax Credit or ERTC was ended early. Wages paid after September 30 do not qualify, however there is still time to apply for the credit for 2020 and the first three quarters of 2021. There is a new reporting requirement for cryptocurrency transactions. This should not impact taxpayers who have already been reporting their crypto transactions correctly, but may help IRS catch fraudsters who aren't reporting income from their crypto holdings. Stay tuned for an update on tax law changes that may come if the Build Back Better Act is passed.