Big Beautiful Bill: 7 Tax Moves to Consider Making Before 2028
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đ⨠Get in touch with Chessman Wealth: https://www.chessmanwealth.com/Â
The Big Beautiful Bill may not have overhauled the entire tax system, but it quietly introduced a wave of limited-time tax opportunities, and the clock is already ticking. In this episode, Wade shares seven strategic tax moves to consider before many of these provisions expire in 2028. These changes could impact how much you owe, how much you save, and how fast you reach your goals.
Buried in the bill are real, actionable tax advantagesâif you know where to look. Charitable deductions, auto loan interest write-offs, bonus depreciationâthereâs a lot packed into the Big Beautiful Bill, and Wade breaks it all down in plain English. Miss this window, and you might be leaving money on the table. The rules have changed, but only for a few years. What you do now could shape your finances for the next decade.
For this weekâs Kingdom Minute, Wade shares key biblical perspectives on taxes, pointing to scriptures in Matthew and Romans. He explains that while paying taxes is a civic duty, it's also part of honoring Godâs appointed authorities. Wade also reminds us that generosity, like charitable giving, is both encouraged in scripture and recognized by the tax code.
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Hereâs some of what we discuss in this episode:
đ Front-load charitable giving to maximize new deductions
đ˝ď¸ No taxes on tipsâif you report properly
đď¸ Use Section 179 and QBI to your advantage
đď¸ Bunch property taxes for max SALT deduction
đś âTrump Accountsâ offer $1K seed + tax-deferred growth
đ Biblical reflections on taxes in the Kingdom Minute
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Get in touch with Chessman Wealth: https://www.chessmanwealth.com/Â
The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing.
Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.