Now that Trump has signed the spending bill containing the Taxpayer Certainty and Disaster Tax Relief Act of 2020, which contains $900 billion in pandemic relief, there are several tax-related items in the bill that advisors and their clients need to know.

The legislation includes a variety of personal income tax planning relief provisions, Jeffrey Levine, Buckingham Wealth Partners director of advanced planning and director of advisor education, said Wednesday during the a Kitces webinar "Coronavirus Stimulus Legislation: What Advisors Should Know About The Latest Stimulus Bill," as well as in a report released after the event.

To be fair, "I don't know that there's anything in this bill that I would call, like, earth-shattering or game-changing from a personal financial planning perspective," Levine told viewers. "But there are a lot of things to be aware of here and, inevitably, clients will qualify for one or more of these things, so you definitely want to be aware of what they are — especially the tax ones, because everybody loves paying lower taxes, right? Save the client $50 on taxes and they think you're a hero."

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jeff Berman

Jeff joined the ThinkAdvisor team as a staff reporter in July 2019. Before joining ThinkAdvisor, he was a freelance reporter for five years, covering mainly technology, business, media and entertainment news for publications including The Miami Herald, Newsday,, Long Island Press and multiple American City Business Journals websites. He also reported for several consumer electronics publications and was a technology reporter for publications of the Media & Entertainment Services Alliance. Prior to that, he worked as a reporter and editor for Consumer Electronics Daily and other Warren Communications News publications for 15 years. He graduated with an MA in journalism from New York University.