2025 Tax Reform Will Start The Next Big Wealth Building Wave

Schedule a free discovery call ▶ https://go.therealestatecpa.com/4byeu21

Get tax tips delivered to your inbox ▶ https://go.therealestatecpa.com/3WQEf9a

Track Trump's proposed tax changes ▶ https://go.therealestatecpa.com/3CHZaEE

Massive tax changes are looming for 2025 - and if you’re a real estate investor, business owner, or high-income earner, missing them could mean paying thousands more than necessary. With key deductions potentially returning, stricter limitations on losses, and big shifts in tax planning tools like the SALT deduction and bonus depreciation, now is the time to prepare. The latest tax bill draft introduces opportunities for major savings - but only if you understand how to pivot your strategy in advance. Don’t wait until these changes are law to start planning; what you do now could set the stage for a dramatically reduced tax bill next year.

In this video, tax expert and CPA Brandon Hall walks you through the most impactful proposed tax changes in the new bill draft and explains what they could mean for your tax strategy. Here’s what’s covered:

100% Bonus Depreciation Returns: Properties placed in service after January 1, 2025, may once again be eligible for full bonus depreciation, making this a crucial year for acquisition and renovation planning in real estate and business.

SALT Cap Increase: The State and Local Tax deduction cap could rise to $30,000, offering relief for high-tax state residents - though this number may be reduced as the bill progresses.

Excess Business Loss Rule Changes: Tighter rules are coming for those leveraging real estate losses to offset income, especially regarding Net Operating Loss (NOL) carryforwards - a must-know for W-2 earners and full-time investors alike.

QBI Deduction Increase: The Qualified Business Income deduction may increase from 20% to 23%, providing an extra boost for sole proprietors, partnerships, and S corps - even as corporate tax rates stay the same.

Enhanced R&D Expensing: Tech and software companies stand to benefit from the proposed return of full expensing for research and development costs, reversing recent limitations that required amortization.

End of the PTET Workaround: States that created pass-through entity tax workarounds to bypass the SALT cap may lose that option, potentially reshaping strategies for partnerships and S corps.

Opportunity Zone Investment Extension: More time to invest in Opportunity Zones with additional capital gains deferral options - a powerful tool for long-term tax planning and impact investing.

Electric Vehicle (EV) Credit Updates: While EV credits remain, proposed restrictions could reduce their value and transferability, impacting both personal and business EV purchases.

Auto Loan Interest Deduction for Lower Incomes: A new deduction could allow certain earners to deduct up to $10,000 in auto loan interest, offering relief for working-class families.

New Roth-Style Education Accounts: Proposed tax-free accounts seeded with $1,000 per child could offer long-term savings options for families, growing tax-free until age 18.

Increased Section 179 Cap: The proposal includes raising the Section 179 expensing limit from $1 million to $2.5 million, significantly expanding the immediate deduction potential for qualifying property and equipment.

Above-the-Line COVID Deduction Returns: A one-time $300 deduction may return for taxpayers who don’t itemize - a small but helpful benefit if included in the final law.

Brandon not only breaks down what these proposed changes could mean for you but also provides expert commentary on how they may evolve as the bill moves through Congress. He explains who benefits most from each change and how to start adjusting your tax planning today. If you want to stay ahead of the curve and avoid surprises when filing in 2025, this is a must-watch update. Subscribe now to stay informed as these proposals take shape.

#realestateinvesting #realestateinvestor #taxstrategist #landlords #taxtips

Connect with me:
X: https://x.com/bhallcpa
LinkedIn:   / brandonhallcpa  
IG:   / bhallcpa  
TikTok:   / taxmeifyoucan  

CHAPTERS:
00:00 Intro
00:44 100% Bonus Depreciation
01:37 SALT Cap Changes
01:53 Excess Business Loss Rules
03:32 Qualified Business Income (QBI)
04:00 R&D Costs
04:18 PTET Workaround
04:40 QOZ Changes
05:08 Green Tax Credits
05:25 Auto Loan Interest Deduction
05:42 MAGA Accounts
06:25 Sec. 179 Expensing
06:50 Charitable Deductions
07:10 Outro