2025-09-13 Tax Strategy Update: New Deductions, Fed Rate Cuts, and the Big Beautiful Bill Breakdown
Update: 2025-09-13
Description
In this episode of Keep What's Yours, tax strategist Jeff Zufall and host Josh Gilbert dive into the latest tax code changes from the recently passed "Big Beautiful Bill" (Trump Tax Bill 2.0), including the expansion of 529 plan withdrawals from $10,000 to $20,000 for private school tuition and new charitable deduction allowances of $1,000 for singles and $2,000 for married couples filing jointly. They also analyze current economic conditions, discussing inflation numbers at 2.9%, the Federal Reserve's upcoming meeting with expected interest rate cuts, and recently revised job numbers showing the economy was overstated by over 1.5 million jobs in 2024. The conversation covers Missouri's personal property tax quirks (why jet skis and trailers are taxed but golf carts aren't), tariff impacts on inflation, and practical advice on maximizing tax savings through 529 plans and charitable giving strategies that take effect retroactively for the entire 2025 tax year. 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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