2025-08-23 New Tax Laws, Rate Cuts, and Real Money in Your Pocket cover art

2025-08-23 New Tax Laws, Rate Cuts, and Real Money in Your Pocket

2025-08-23 New Tax Laws, Rate Cuts, and Real Money in Your Pocket

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 In this episode of "Keep What's Yours," tax strategist Jeff Zufall and host Josh Gilbert dive deep into the newly enacted tax legislation (dubbed "the big beautiful bill") that's already affecting 2025 taxes, plus Jerome Powell's recent signals about upcoming interest rate cuts. Jeff breaks down game-changing provisions including increased child tax credits ($2,200 per child, potentially rising to $3,000), a massive jump in the SALT deduction cap from $10,000 to $40,000, tax-free tips and overtime pay up to $25,000, charitable deductions for non-itemizers, auto loan interest deductions, expanded 529 plan withdrawals for private school, and a new senior deduction worth $6,000-$12,000. While navigating the complexities of tariff-driven inflation and Fed policy, the hosts emphasize that regardless of political views, these are real opportunities to keep more money in your pocket—but only if you understand the guardrails, income thresholds, and sunset provisions that come with each benefit. The IRS reports that small businesses overpay their taxes every year. Stop overpaying - Call Capital Advisory Group at 636-394-5524 today!
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