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Articles From Lumsden McCormick

COVID-19 Relief Bill Signed Into Law

A $1.9 trillion relief package.

Provided by Bryan J. Staniszewski, CFP®, CPA/PFS, AIF®, MBA

The House of Representatives passed a $1.9 trillion relief package focused on economic relief following the COVID-19 pandemic. The bill was signed into law at the White House on Thursday.1

Beyond the much-discussed $1,400 stimulus checks, the relief bill offers many levels of stimulus, including funds for vaccine distribution, expansions of tax credits, expanded unemployment payments, and aid to state and local governments.1

One sticking point was a phase-out range for the stimulus checks, which will affect those earning more than $75,000 annually and capped for those earning $80,000 or more ($150,00-$160,000 for married couples).1

This is a massive bill with many aspects and has no shortage of provisions for individuals and businesses at all levels. Naturally, you may have questions about the bill, and how it might affect you and your family. I welcome a chance to discuss this with you and answer any questions you may have.

Bryan J. Staniszewski, CFP®, CPA/PFS, AIF®, MBA, Director of Wealth Management and Planning, may be reached at 716-856-3300 ext. 175 or bstaniszewski@lumsdencpa.com. www.fslumsden.com


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This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting, or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax, or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.

Securities offered through Avantax Investment ServicesSM, Member FINRA, SIPC.  Investment Advisory services offered through Avantax Advisory ServicesSM. 

Citations

1. CNBC.com, March 10, 2021
 

COVID-19 Relief Bill Signed Into Law

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Bryan joined Lumsden & McCormick Financial Services in 2012 with over 15 years of experience in investment services. Bryan delivers custom, holistic solutions that fit an individual’s entire financial situation, understanding the importance of cash flow, the role of taxes, wealth preservation, and how legacy building and overall wealth goals factor into the creation of a comprehensive wealth plan.

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