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Since we are already at these level no changes in the brackets. Everyone makes it a big deal as if it they change. Trump bill kept everything the same instead of revert back to previous levels. Nothing to learn here
I am dissolving my california s-corp this year. i purchased equipment but took a loss on the business. can i take the new bonus depreciation alongside the standard deduction in 2025 taxes?
I love your videos! I have a request, when you use the board to explain something, it would be greatly appreciated if you could please keep the camera on the board rather than move the focus back-and-forth to zoom in and zoom out on numbers on line items that you’re talking about. It’s very distracting and hard to understand or take it in what you are saying when the focus jumps like that. I hope you find my comment helpful. I thought if I am a financial professional and had trouble with it others might too. Thank you❤
If just started my business and make only $30k and $40k on my w2 on 2025. Can I buy a $100k Gwagon?
Donny t s new tax bill is a huge give away to the rich and super rich.
For us middle and working class people who will get only about $700 tax breaks will
see it go away. Yes it goes away in before 2029. The huge $ 6 trillion for the rich and super rich goes on forever.
We are being cheated by Donny t and the rich and super rich. They average over $30,000 per person. It si al smoke and mirrors.
The worse is destruction of medical and harming social security with medicare.
Look at the social security increase from 2024 to 2025 it was only about 3%. Who believes inflation was only 3%. We are being tricked and cheated.
Do not believe all the smoke and mirrors. The devil is in the details.
All these middle and working class lower taxes all go away in 2029.
This is all a trick.
I registered for the workshop; however, I ended up working during the time, when I thought I would be free. Is there a way to view the session after I was broadcasted?
I'm kind of confused did I miss something? I thought that with the tariffs we were getting rid of paying taxes?
What if you have previous years re-filed? When is this applicable? Can it be applicable on refiling for past years?
Wow, fantastic presentation, thank you !!!!!!!!!
So if I use my s10 for business Like lawn service and painting (handyman) could I write that off. Or say my camaro which just went down, if I fixed that back and uses it for door dash which I was using it for, could I do that? I'm literally working from home and was doing side hustles but make too much to get any income tax. Just got my truck after 2 years of work on it and my car just died. I could really use the money
I think this is great incentives individuals to create business and invest,
I think you should do a ep on where the administration came up with the money for all those stock accounts.
And you should explain the con side of those accounts. Because just promoting the pros makes it sound there no negative effects besides stocks going down.
If TIPs are gifts for service they are not income and ought not be taxed so gotta love this.
Only tax free on the HALF TIME of overtime rate. Some absolute bullsh*t
Any new home deductions changes?
A threshold for certain income is not good enough.Taxes are still too d*** much
I'm absolutely in favor of the tax deductions although I don't think they go nearly far enough. I don't think anyone of any income bracket should pay more than 20% ever can I make less than $100,000 a year currently but not for long
It's a shame that my twin boys that were born in June of 2024 do not get this benefit! I can only dream of what the possibilities would have been however I'm going to do it my damn self
Jaspreet, I always enjoy your videos as they are direct and to the point. I am; however, confused on this video about Trumps "new" tax rule; specifically, the business tax depreciation changes. The examples you gave regarding taking a 100% depreciation in your first year seem to be the same as the current "section 179" rule. Can you explain how they are different?
This man looks like he's wearing a diguise!
its like taxing welfare! what the hell is wrong with you. and a thouss d dollRs to have a baby. and you can follow that child til your ready to traciffic ,sick . where zre our children??? go get them. probadly paris or germany. you this gov. gets gitmo!
It’s all deckchairs on the Titanic. The national debt will never be resolved until complete collapse.
I am 68. I have 54,000.00 in a high yield saving acc. And 132,000.00 in stocks. Now what do i do ? oh yes no debt.
Only can use depreciation 100% if your company has a revenue of over that amount.
I make less then 35,000 a year I claim zero dependents and I always have to pay over 800 upon doing my taxes BS
FANTASTIC VIDEO SHARE!!!
Thank you!