How will Trump’s ‘Big Beautiful Bill’ Affect You? | Episode 36

Whenever you're ready, we can help you in one of the following ways: Take our free financial health assessment: --> Click here. Download our financial white paper --> Click here. Join us in our free Wealth Wisdom Skool Community --> Click here. Schedule a free consultation and see if it makes sense to work with us. --> Click here. Tax law just got a glow-up, and if you’re a business owner, investor, or anyone who files a return (so, yeah, basically everyone), you’re going to want to pay attention. In this episode of Wealth Wisdom, we break down what everyone’s calling the “One Big Beautiful Bill”—Trump’s latest tax reform that’s packed with changes affecting your deductions, depreciation, and dollars. We dig into: 💸 The return of 100% bonus depreciation, what it means and how to actually use it 🏡 Opportunity Zones 2.0: why this could be huge for real estate investors 🧾 SALT deduction cap jumps from $10K to $40K (yup, four times bigger) 👶 The new “Trump Accounts” for kids are they a smart savings tool or just a political flash? 🚙 The truth about writing off that SUV (spoiler: it’s not as easy as Instagram says) Before we dive into the bill, we hit this week’s headlines: 📈 The Fed holds steady (again), but inflation isn’t done yet 🇪🇺 Trump signs a trade deal with the EU—plus rebate check rumors?? 📉 Amazon stock drops post-earnings while Meta and Microsoft crush it 💰 Bezos sells $5.7B in shares—smart tax move or prepping for Mars? And to wrap it all up, we spotlight one of our portfolio names: TJX Companies (aka TJ Maxx, Marshalls, HomeGoods). We’re up nearly 90% on it, and there’s a reason why. From “the treasure hunt” shopping model to weathering online retail and inflation, TJX continues to prove it's more than just a bargain bin play. Let us know what you want to hear next week, polls are up on Spotify, and our inbox is always open. And as always, if you got value from the episode, be a friend and share it with one. Wealth Wisdom aims to give you the insights and tools to navigate financial trends with confidence. Through conversations like these, we strive to make complex financial topics more accessible and actionable for everyone. Join us on this journey as we explore the many facets of financial growth and well-being. Remember to subscribe and stay connected for more valuable perspectives from Fox Hill Wealth Management. At Fox Hill Wealth Management, we believe wealth is about more than just money - it’s about financial freedom, confidence, and security. As a fee-only, fiduciary Registered Investment Advisor (RIA), we provide unbiased, expert financial guidance with your best interests at heart.   DISCLAIMER: This content is for educational and informational purposes only and should not be construed as investment, tax, or legal advice. Past market performance is not a guarantee of future results. Always consult with a financial professional before making investment decisions. ________________________________________________________________________ Follow along at: 👉 LinkedIn: https://www.linkedin.com/company/fox-hill-wealth 👉 Instagram: https://www.instagram.com/foxhillwealth 👉 YouTube: https://www.youtube.com/@FoxHillWealthManagement Timestamps: 00:00 Introduction and Casual Banter 01:53 Big Beautiful Bill: A Deeper Dive 02:44 Rapid Fire News: Trade Deals and Tariffs 04:30 Stock Market Highlights: Earnings and Investments 07:10 Federal Reserve and Economic Insights 09:41 Housing Market and Home Prices 11:44 Amazon and Big Tech Earnings 19:51 Reconciliation Bill: Tax Changes and Business Impacts 26:33 Common Misconceptions About Vehicle Deductions 27:04 IRS Requirements for Business Vehicle Use 27:38 Audit Red Flags and Deductible Expenses 29:16 Bonus Depreciation and Real Estate Incentives 30:59 New Tax Incentives for Energy Production 31:59 Trump Accounts for Kids 34:34 Pass-Through Business Income Deductions 38:02 Qualified Opportunity Zones and Real Estate 40:13 Clean Energy and Tax Incentives 44:46 Stock Analysis: TJX Companies 51:21 Closing Remarks and Upcoming Topics #SALTdeduction #TrumpAccountForKids #BonusDepreciation #OpportunityZones #RealEstateTax #AmazonStock #Bezos #TJXCompanies #InterestRates #TaxReform2025 #WealthWisdom #FoxHillWealthManagement