On Nov. 15, 2021, President Biden signed the Infrastructure Investment and Jobs Act into law. The purpose of this legislation is evident in its name as it encompasses funding for “roads, bridges, railroads, airports, public transportation, access to broadband internet, and clean water” (Stradling, 2021). The revenue to support the $1.2 trillion Act will mainly result from “repurposing COVID-19 relief funds and unused unemployment benefits, delaying a Medicare rebate, and enacting stronger cryptocurrency reporting requirements" (Stradling, 2021). Although there are few provisions in this Act that will affect the average taxpayer, there are some that tax preparers should note.