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December 31, 2020 | Financial Planning
Signed into law on December 27, the newest COVID-19 relief bill, formally known as the Consolidated Appropriations Act, 2021, is by far the largest bill ever enacted at well over 5000 pages. Not only does it provide an array of new relief measures, but it also includes the government omnibus spending bill for fiscal year 2021.
While it will take weeks, if not months, to digest all the details and implications, there are a several major items we want to highlight right away. Below is a list of a number of the key changes that may directly impact our clients.
After just one week with the bill, these are some of our most significant takeaways. More is certainly to come as we move into 2021.
If you are interested in learning more on our investment insights, take a look at our Investment Outlook 2021 where we discuss the lessons from this past year, and then lay out how we’re thinking about the economic recovery, ultra-low interest rates, and today’s stock market rally.
Please consult with an attorney or a tax or financial advisor regarding your specific legal, tax, estate planning, or financial situation. The information in this article is not intended as legal or tax advice.
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