DiscoverHidden Money PodcastSpecial Episode: The Tax Relief for American Families and Workers Act of 2024
Special Episode: The Tax Relief for American Families and Workers Act of 2024

Special Episode: The Tax Relief for American Families and Workers Act of 2024

Update: 2024-02-01
Share

Description

To help you decode the new Tax Relief Act and understand it's benefit, we have setup a webinar on 6th February at 6pm CST. 


Click here to register for the webinar.




The unbelievable has happened!


Congress passed a sensible bill with big tax benefits to American families and workers.


Now, you don’t need to be biting your nails about whether you’re going to thrive or just survive in 2024. It doesn’t matter if everyone’s shouting ‘Recession!’


In this episode of the Hidden Money Podcast, join Mike Pine and Kevin Schneider, CPAs, as they unpack 2024’s Tax Relief for American Families and Workers Act to your financial benefit.


Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only.


In this episode, we discuss



  • The Tax Relief for American Families and Workers Act proposed on January 16th, bringing positive changes to tax laws.

  • The potential increase of bonus depreciation for two years, benefiting real estate investors and businesses.

  • The significance of bonus depreciation in reducing taxes and stimulating the economy.

  • The positive impact of the bill on research and development expenditures, allowing businesses to deduct them and making it retroactive to January 1st, 2023.

  • Changes to the Child Tax Credit, including indexing it to inflation and making more of the credit refundable.

  • The potential end of Employee Retention Tax Credit (ERTC) claims after January 30th, 2024.

  • The broader economic outlook for the year, considering global recessions and challenges in various nations.

  • Personal finance advice and examples, emphasizing the importance of emergency funds, budgeting, and taking inventory of financial strategies.

  • A call for a proactive approach that rejects partisanship agenda to navigate the changing economic landscape and leverage potential opportunities.




To help you decode the new Tax Relief Act and understand it's benefit, we have setup a webinar on



6th February at 6pm CST. 


Click here to register for the webinar.




Thank you for listening to us!




Social Media Links


Instagram: https://www.instagram.com/hiddenmoney.podcast/


Facebook: https://www.facebook.com/hiddenmoney.podcast


YouTube: https://www.youtube.com/@HiddenMoneyPodcast


LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/


Twitter : https://twitter.com/hiddenmoney_com


You can also listen to our podcast on major podcast platforms links:


Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519


Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065


Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw


iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/


Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast


Pocket cast - https://pca.st/9r4x6t36


Castbox - https://castbox.fm/channel/id5413766


Website - https://www.hiddenmoney.com/

Comments 
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Special Episode: The Tax Relief for American Families and Workers Act of 2024

Special Episode: The Tax Relief for American Families and Workers Act of 2024

Mike Pine and Kevin Schneider