{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"One Big Beautiful Bill: What the 2025 & 2026 Tax Changes Mean for You","description":"\ud83d\udc49 https:\/\/bit.ly\/41d3Kmy \ud83d\udc48 CLICK HERE Ready to change your financial future? Join Tom Wheelwright, Robert Kiyosaki's CPA, and apply to the WealthAbility Accelerator today!  The 2025 tax season is underway, bringing with it a wave of retroactive law changes that could significantly impact your bottom line. But with a shrinking IRS workforce and a brand-new "CEO" at the helm, will taxpayers get the answers\u2014and refunds\u2014they need? Join Tom Wheelwright as he breaks down the new rules for SALT deductions, R&D expensing, and the "marriage penalty" with his guest, Andrew Lautz from the Bipartisan Policy Center. Andrew Lautz serves as the director of tax policy for the Bipartisan Policy Center, where he is responsible for leading the organization\u2019s federal tax policy portfolio. In this role, Lautz conducts research, develops policy recommendations, and engages with lawmakers and stakeholders on a variety of tax issues, from the Child Tax Credit to international tax reform. His insights on tax policy have been featured in The New York Times, The Wall Street Journal, The Washington Post, and Bloomberg, among other major publications. Previously, he was the Director of Federal Policy for National Taxpayers Union (NTU) and NTU Foundation. Lautz holds a B.A. in political communication and an M.P.S. in political management from The George Washington University. In this episode, discover how the "One Big Beautiful Bill" has triggered an IRS staffing crisis, why the new $40,000 SALT cap includes a hidden "marriage penalty," and the critical tax strategies entrepreneurs must use to navigate retroactive changes to R&D and bonus depreciation. Order Tom\u2019s book, \u201cThe Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make\u201d at: https:\/\/winwinwealthstrategy.com\/ 00:00 - Intro. 02:16 - What Entrepreneurs Need to Pay Attention To. 07:48 - Single Tax Filers, Married Filers, and Child Tax Credit. 09:20 - Employer\u2019s Responsibilities on Overtime & Tips. 14:23 - Major Changes to Look Out For. 15:30 - Changes for 2026. 19:35 - IRS Challenges: Shortage, Technology, Paper vs. Digital Filing. 27:07 - Short Term & Long Term Reforms. 29:16 - Bipartisan Policy Making. 34:09 - Tips for Entrepreneurs & Investors This Tax Season. 36:22 - Closing Statements. Looking for More on Andrew Lautz? Website: https:\/\/bipartisanpolicy.org\/ Twitter\/X: https:\/\/x.com\/andrew_lautz ----- \ud83d\udc54 ABOUT TOM: https:\/\/www.wealthability.com\/tom\/ \ud83d\udcb8 WEALTHABILITY LIVE: https:\/\/www.wealthability.com\/wealthability-live\/ \ud83c\udf93 EDUCATIONAL PRODUCTS: https:\/\/www.wealthability.com\/ \ud83d\udcd5 TOMS BOOK "TAX FREE WEALTH": https:\/\/taxfreewealthbook.com \ud83d\udcf0 SIGN UP TO TOM\u2019S WEEKLY REPORT: https:\/\/wealthability.com\/getreport\/ \ud83c\udf99\ufe0f FOLLOW THE PODCAST ON SPOTIFY: https:\/\/bit.ly\/4bgs37w \ud83c\udf99\ufe0f FOLLOW THE PODCAST ON ITUNES: https:\/\/bit.ly\/3Qwh3tl \ud83d\udcb0 WORK WITH A TFW ADVISOR: https:\/\/tfwadvisors.us\/contact-us\/ \ud83c\udf93 BECOME A TFW ADVISOR: https:\/\/tfwadvisors.us\/franchise\/ \ud83d\udcfa JOIN THE CHANNEL: https:\/\/www.youtube.com\/@TomWheelwrightCPA FOLLOW US ON INSTAGRAM\ud83d\udc9c @Tom_Wheelwright ABOUT US: Tom Wheelwright is the founder and CEO of WealthAbility and TFW Advisors, a leading authority on tax strategy and wealth building. He is the best-selling author of Tax-Free Wealth and a trusted advisor to Robert Kiyosaki. As a world class CPA, Tom is dedicated to empowering entrepreneurs and investors to reduce their tax burden and achieve financial freedom. He currently resides in Phoenix, Arizona. DISCLAIMER: WealthAbility\u00ae 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. ","author_name":"The WealthAbility Show with Tom Wheelwright, CPA","author_url":"https:\/\/sites.libsyn.com\/591105","html":"