Trump Won. How Your Taxes Will Change in 2025 - CPA Explains

Prepare for Trump's Tax Plan Now To Save BIG Money On Taxes.
Get a Free Tax Consultation: https://mycpacoach.com/contact/

How will your taxes change under Donald Trump? Go ahead and drop a comment below and let me know what you think.

With Republicans now holding the Presidency, House, and Senate, Trump is in a very strong position to advance his tax agenda and if you are not prepared for it, you may miss out on some of the biggest tax breaks available in it.

There will be NEW tax breaks for investors, business owners, homeowners, retirees, overtime workers, hospitality workers, and more which will affect most Americans.

So as a licensed CPA that tax plans everyday at mycpacoach.com and as someone who has been following every new progression in Trump’s tax plan, I want to help you understand how YOUR taxes could change, when they could change, and how you can take advantage of the many tax breaks that will be available.

Trump Tax Plan: (0:00)
No Income Tax Increases: (0:57)
Extending Individual Tax Cuts: (1:23)
Extending Standard Deduction Increase: (1:58)
Improving Itemized Deductions (SALT): (2:27)
NEW AUTO INTEREST DEDUCTION: (3:28)
Extending QBI Tax Deduction: (4:40)
Big BONUS Depreciation Deduction: (5:37)
New Corporate Tax Rates: (7:44)
NO TAX ON OVERTIME: (8:45)
NO TAX ON TIPS: (9:13)
NO TAX ON SOCIAL SECURITY: (9:33)
Timeline for Tax Changes: (10:29)
Stay in the loop: (11:25)

#trumptaxes #trump2024campaign #taxplanning #taxplanningtips #trumptaxplan

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DISCLAIMER: The information provided in this video is for entertainment and informational purposes only and is not professional legal, accounting, or financial advice.