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2024 And The end Of your Tax breaks
Manage episode 430911563 series 3533022
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This podcast discusses the expiration of the Trump-era Tax Cuts and Jobs Act in 2025 and its potential impact on tax breaks. Ed provides an overview of the tax law changes, including permanent tax cuts for corporations, lowered tax rates for individuals, and increased standard deductions. It also highlights the adjustments made to home mortgage and interest deductions, as well as the state and local tax (SALT) deduction. The episode explores the potential expiration of various provisions, such as the business interest deduction and opportunity zones. It emphasizes the importance of staying informed, seeking advice, and actively planning for the changing tax landscape.
Join us every week as Ed Bao helps you navigate the sometimes rocky waters of retirement. Healthcare, investments, taxes, estate planning and more!
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