On this episode of the Planned Solutions Incorporated Podcast, Taxpayers have begun to receive notices about the advanced payment of the new expanded child tax credit. However, many taxpayers end up with questions about how much of a credit they will qualify to receive, whether they should elect to receive advanced payments or claim the full tax credit on their income tax returns, and how they can update their information with the IRS so that the number of their advanced payments are calculated correctly.Also, The federal government deficit decreased over the past nine months despite an increase in federal spending related to the pandemic. The decrease was largely due to a sharp increase in personal and corporate tax revenues as the US economy has bounced back from the economic restrictions implemented to slow the spread of the Coronavirus. And, a Limited supply of new cars due to supply chain disruptions has created a hot market for new and used cars. This is the market for a new car that may find higher prices and fewer options in terms of the vehicles available. However, in many cases, financing terms are still favorable, and buyers may be able to get a premium price for their trade-in. Meanwhile, those in the market for a used car may find few available and higher prices as the average age of the vehicle on the road increases due to reduced vehicle turnover among car owners.Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Daryl and Chase attended the July meeting of the Financial Planning Association of Northern California. The meeting topic was the changes to the insurance industry in recent years. Don’t forget about the Harlan D. Wood Memorial Cancer Charity Golf Tournament that is scheduled for early September. Please mark your calendars if you will be able to attend.Date: Friday, September 10th, 2021 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ.Chase Armer's book- Financial Planning Insights is now available at:store.bookbaby.com/book/financial-…anning-insightswww.amazon.com/Financial-Plannin…1586894022&sr=8-1To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail [email protected]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) 361-0100Folsom, CA 95630 (800) 750-2111E-MAIL: FAX:[email protected] (916) 361-0191WEB SITE:www.PlannedSolutions.com#finance #invest #investment #stocks #inflation #deflation #bonds