Read Full Bill:
Start Tax Planning:
Trump’s Big Beautiful Bill Has Officially Passed, representing one of the largest tax cuts in US history.
This bill will lower tax rates, increase deductions, and create several incentives that will allow savvy taxpayers to greatly reduce their taxes.
In this video, I am going to give you a simple, straightforward, and no nonsense explanation of what to expect as a CPA that helps people use the tax law to reduce their taxes everyday at mycpacoach.com
DISCLAIMER: This video is for informational purposes only and does not constitute legal, financial, or tax advice.
Big Beautiful Bill Explained: (0:00)
Lower Tax Rates: (0:52)
Higher Standard Deductions: (1:35)
Increased SALT Caps: (2:10)
New Car Loan Interest Deduction: (2:58)
Increased Child Tax Credit: (3:23)
Increased Senior Deduction: (3:58)
No Tax On Overtime: (4:33)
No Tax On Tips: (5:22)
Enhanced QBI Deduction: (6:17)
100% Bonus Depreciation: (7:57)
100% R&D Expensing: (9:00)
Extended Opportunity Zone Credit: (9:23)
Tax Planning: (9:50)
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By: Sherman - My CPA Coach
Title: BREAKING Trump Tax Cuts Pass! How Your Taxes Will Change
Sourced From: www.youtube.com/watch?v=BSLL5ILBdSY
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