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Tax Credit for Pandemic-Related Unemployed Skills Training.

This act introduces a new tax credit for individuals who lost their jobs in 2020 due to the coronavirus pandemic and wish to improve their skills. Thanks to this, citizens can recover part of the money spent on courses and training, which will facilitate their return to the labor market. The goal is to provide financial support for acquiring new skills.
Key points
You can receive up to $4,000 back for training if you lost your job in 2020 due to the pandemic.
Training must be provided by approved entities or relate to high-demand areas like technology.
The credit applies to expenses paid or incurred until the end of 2021.
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Additional Information
Skills Renewal Act
Print number: S 132
Sponsor: Sen. Klobuchar, Amy [D-MN]
Process start date: 2021-01-28