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In this episode of the Planned Solutions Incorporated Podcast, Congress is currently debating the second round of stimulus. The currently proposed bill will extend unemployment benefits, although at a lower level, for many Americans as well as offer additional help to small businesses. There is also funding for state and local governments and vaccine distribution included in the bill. However, there are a number of factions within both parties that are threatening to hold up the bill if it does not include other provisions that they support. Also, As scientists continue to learn more about the COVID19 virus they have developed a number of new online tools that help individuals assess their risk of contracting the virus, becoming hospitalized, or dying from the virus. Hopefully, these tools will allow individuals to make informed decisions to keep themselves safe during the holiday season. And, In 2020 taxpayers who do not itemize their tax deductions may be able to benefit from small charitable contributions. Under the CARES Act taxpayers may deduct up to $300 of charitable donations made by cash or check from their 2020 taxable income even if they claim the standard deduction. This may be in addition to a State income tax deduction depending on the tax rules in the taxpayer’s state. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Planned Solutions will soon be sending out our tax engagement letters and organizers in early January. If you have any questions about the engagement letter or tax organizer, please call or e-mail us. If you did not get a tax packet and would like Planned Solutions to prepare your 2020 income taxes, please let us know and we will get a packet out to you before filing season starts on February 1st. Chase is once again contributing to the Sacramento Business Review (SBR) January economic update event. The SBR is a collaboration between members of the Sacramento Chartered Financial Analysts (CFA) Society and the Sacramento State University School of Business. Financial Analysts and Sacramento State professors team up to tackle different aspects of the Sacramento region’s economy, including the labor market, real estate market, and small business sector among others. Chase is a member of the SBR labor market team which covers the Sacramento region’s job market. Unfortunately, there will be no in-person event this year due to the need for social distancing but the updated publication will be available at www.sacbusinessreview.com. Chase Armer's book- Financial Planning Insights is now available at: store.bookbaby.com/book/financial-…anning-insights www.amazon.com/Financial-Plannin…1586894022&sr=8-1 To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Planned Solutions, Inc. ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111 E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191 WEB SITE: www.PlannedSolutions.com #finance #invest #investment #stocks #inflation #deflation #bonds