New Tax Loopholes You MUST Use in 2025! - Tom Wheelwright, Garrett Watson

Join Tom Wheelwright as he discusses how the massive tax law changes will impact you and your business in 2025 with guest and Senior Analyst, Garrett Watson. Garrett Watson is Director of Policy Analysis at the Tax Foundation, where he conducts research on federal and state tax policy. His work has been featured in the Washington Post,The Atlantic, Politico, the Associated Press and other major outlets.

In this episode, discover how the process works so you can plan accordingly, how we may navigate the deficit, and what policymakers in Congress are considering for their legislative package in 2025.

Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/

00:00 - Intro.
02:20 - Will tax reductions actually generate growth?
06:11 - 2017 vs. 2025: Tax Growth & Tax Reduction Projections
14:04 - Investment or consumption?
20:25 - Extending the 2017 Law
24:51 - Investment Provisions
28:45 - Corporate Tax Rate Deduction
32:41 - State Local Tax Deduction
39:19 - Taxing Tips
44:44 - Other Taxes
51:36 - ERTC

Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax.
https://wealthability.com/tom/
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Resources
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Looking for more on Garrett Watson?
Website: taxfoundation.org

DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.

The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
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