Talking New Tax Breaks | Best Advice Podcast Guys

Welcome to another riveting episode of the Best Advice Podcast, dedicated to sharing knowledge and fostering positivity. In this episode, our experts, led by Rob Lovaglio, unravel the art of controlling what we can in life - extending from personal attitudes to crucial financial decisions.

We share powerful insights into the impact of positivity and control in our daily lives, emphasizing the importance of focusing on things we can influence rather than worrying about the uncontrollable. We also throw light on the need for control while setting expectations and responding to circumstances, the cornerstones of a balanced life.

Diving deeper, we address financial concerns from our listeners, understanding the stress arising from tax-related matters. We explore the benefits of proactive tax planning, aiming to help our listeners switch from a reactive to a proactive tax approach. Special attention is given to retirement savings, expounding on benefits of contributing to 401k and IRA accounts and taking advantage of relevant tax savings.

Understanding the significant effect of tax laws on our financial decisions, this episode analyzes recent and upcoming tax law changes, focusing on bonus depreciation for real estate investors and the impact of the SECURE Act. We also discuss the potential taxation changes linked with the SALT deduction and their implications for people in high state income tax regions.

In conclusion, we provide a quick market update, featuring the volatility of U.S. Treasury bills and its influence on corporate finances, with insights into the potential consequences of changing interest rates.

While our podcast is packed with valuable knowledge, we urge listeners to research thoroughly and consult a financial advisor before making any significant financial decisions. Tune in, embrace the power of control, and level up your financial game with us!