2025-08-09 Car Tax Credits, SALT Deductions, and the BLS Shake-Up
Update: 2025-08-09
Description
Car Tax Credits, SALT Deductions, and the BLS Shake-Up In this episode of "Keep What's Yours," tax strategist Jeff Zufall and host Josh Gilbert dive deep into the sweeping changes from the new tax legislation that's already impacting your 2025 taxes. Discover how you could claim up to $10,000 in car loan interest deductions if you bought a U.S.-made vehicle this year, learn about the expanded SALT deduction cap that jumped from $10,000 to $40,000 (potentially affecting 100 million Americans), and get the inside scoop on why Trump fired the Bureau of Labor Statistics chief over concerning job numbers. From the ongoing tariff effects and Fed interest rate speculation to seniors getting an additional $6,000 standard deduction, Jeff breaks down the complex moving parts of tax policy in plain English. Whether you're planning retirement, bought a new car, or just want to keep more money in your pocket, this episode reveals the tax strategies and credits you need to know about right now. 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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