📞✨ Get in touch with Chessman Wealth: https://www.chessmanwealth.com/
A new tax bill has officially passed (you’ve probably heard it mentioned as the “Big Beautiful Bill”). And while most headlines are focused on politics, Wade is focused on what really matters: how it impacts your retirement and financial plan. The choices you make in the next year or two could have a significant impact on how much you keep and how much goes to Uncle Sam.
In this episode, Wade breaks down what’s changing (and what’s not), including updates to tax brackets, standard deductions, and SALT caps. The good news? There are some new opportunities for retirees and pre-retirees to take advantage of, but it’s still a relatively short window to act before some of these new components expire in 2028, or before a new Congress changes things again.
Here’s some of what we discuss in this episode:
📊 Trump-era tax brackets extended beyond 2025
💸 New $12K deduction for couples over 65
🏡 SALT cap raised, especially impactful in high-tax states
🪙 Bonus depreciation win for small biz & landlords
🎁 Above-the-line deduction now available for givers
🚘 Auto loan deduction & EV credit deadlines
Get in touch with Chessman Wealth: https://www.chessmanwealth.com/
The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing.
Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.
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