This week's blogpost - https://bahnsen.co/4m3JlJo
Navigating the New Tax Landscape with Matt Gregory
In this episode of the Thoughts and Money Podcast, host Trevor Cummings welcomes Matt Gregory, Director of Financial Planning at The Bahnsen Group, for his first appearance on the show. They explore the details and implications of a new tax bill—dubbed the One Big Beautiful Bill Act (O-B-B-B-A)—covering topics like charitable giving strategies, state and local tax (SALT) deductions, and Social Security taxation. The discussion also delves into above-the-line and below-the-line deductions, credits, and planning opportunities for different client profiles. Additionally, they discuss the impact of tips, overtime, and introduce new tax-deferred savings accounts for children. The episode underscores the importance of strategic planning and leveraging available software tools to optimize tax outcomes.
00:00 Welcome to the Thoughts and Money Podcast
00:18 Introducing Matt Gregory: From Broadway to Financial Planning
01:09 Understanding the New Tax Bill
02:28 Above the Line vs. Below the Line Deductions
07:11 Charitable Giving Strategies
17:14 State and Local Tax Deductions (SALT)
19:45 Scrutinizing the New Tax Bill
20:28 Social Security Tax Changes
22:50 Tax Implications for Tips and Overtime
25:57 Automobile Loan Interest Deductions
28:01 New Savings Vehicle for Kids
28:50 Estate Exemption and Planning
33:34 Market Reactions and Predictions
36:27 Practical Tax Planning Tips
39:47 Conclusion and Contact Information
Links mentioned in this episode:

http://thoughtsonmoney.com
http://thebahnsengroup.com

Ver todos los episodios