#581 Breaking News - Senate Tax Bill Text Released
from Main Street Business Hosted by Mark J Kohler and Mat Sorensen
Breaking News - Senate Tax Bill Text Released. With both the House and Senate versions now on the table, which proposal offers bigger tax cuts? Which one could save you more money? I’m breaking down the differences between the House and Senate proposals and what’s changing and how it will affect you. Intro & Why This Tax Bill Matters 00:00 - 00:02:25 Expiring Tax Provisions in 2026 00:02:25 - 00:03:32 Standard Deduction & Income Tax Rates 00:03:32 - 00:09:07 Child Tax Credit Breakdown 00:09:07 - 00:10:59 State and Local Tax (SALT) Deduction Debate 00:10:59 - 00:15:13 No Tax on Tips & Overtime Explained 00:15:13 - 00:20:14 Small Business Tax Breaks (QBI & Bonus Depreciation) 00:24:02 - 00:29:27 House vs. Senate: Final Comparison 00:29:27 - 00:30:25 Ready to Take the Next Step? Work With Mat & Mark’s Law Firm Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers. [Book a Call with KKOS Lawyers] Take Control of Your Retirement Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA. [Learn More About Directed IRA] Free Resources Mat Sorensen’s Optimal Order of Investing Guide Learn how to prioritize where your money should go and build a smarter investing strategy. [Download the Free Guide] Mark J. Kohler’s 30-Point Tax Guide Discover practical tax strategies and planning opportunities every business owner and investor should know. [Download the Free Guide] Get More From Mat & Mark Watch on YouTube Tax strategies, business planning, investing, asset protection, and more. [Visit the YouTube Channel...
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What this episode covers
Breaking News - Senate Tax Bill Text Released. With both the House and Senate versions now on the table, which proposal offers bigger tax cuts? Which one could save you more money? I’m breaking down the differences between the House and Senate proposals and what’s changing and how it will affect you. Intro & Why This Tax Bill Matters 00:00 - 00:02:25 Expiring Tax Provisions in 2026 00:02:25 - 00:03:32 Standard Deduction & Income Tax Rates 00:03:32 - 00:09:07 Child Tax Credit Breakdown...
Chapters
- 0:00 Introduction to the Tax Bill
- 2:25 Expiring Tax Provisions in 2026
- 3:32 Standard Deduction & Income Tax Rates
- 9:07 Child Tax Credit Breakdown
- 10:59 State and Local Tax (SALT) Deduction Debate
- 15:13 No Tax on Tips & Overtime Explained
- 24:02 Small Business Tax Breaks (QBI & Bonus Depreciation)
- 29:27 House vs. Senate: Final Comparison
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