Podcasts about no tax

Keith discusses strategies to avoid capital gains tax on primary residences, highlighting the potential impact of the "No Tax on Home Sales Act" proposed by Representative Marjorie Taylor Greene.  He explains the current tax exemption thresholds of $250,000 for singles and $500,000 for married couples, noting that 34% of homeowners could exceed the single filer threshold.  Keith also explores the rise of small investors in the housing market, representing 30% of purchases, and the potential of peer-to-peer storage and parking platforms to generate income from underutilized property.  And concludes with a critique of government dependency through Section 8 housing. Resources: You can see the video footage of that section 8 clip here. Show Notes: GetRichEducation.com/565 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, when you sell your primary residence, you need to pay capital gains tax. Learn how to avoid it, then how to increase your rental income with new peer to peer platforms. And finally, a perspective on capitalism and collectivism, with Section Eight housing today on get rich education.    Speaker 1  0:27   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Speaker 1  1:12   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:28   Welcome to GRE from st, Joseph, Missouri to st, Albans, Queens in New York City and across 188 nations worldwide. I'm Keith weinholden. You and I are back together here for another wealth building week. This is get rich education, the Treasury and the Fed keep conspiring to print dollars like crazy, create currency, debasing every single dollar that you're currently holding onto. They are stealing your purchasing power, stealing the value of your work and your grit. It makes dollars pretty fake, since they can just be conjured out of thin air, therefore your job is to convert fake dollars into real assets. That's what you need to do, and this is a strategy that dominates. Like Sydney Sweeney, they print more money, causing inflation, so you have to invest in assets, but then they put a capital gains tax on those assets so that most people never escape inflation. But of course, as real estate investors, we have a strategy to avoid capital gains taxes. Well, I'll talk about that more later.   Keith Weinhold  2:46   I mentioned to you on an earlier episode that I recently attended my high school class reunion in Pennsylvania. It was just a few weeks ago, out in a rural area with a lodge and trees and grass and inflation came up in a conversation between me and a few classmates that was some time before we played cornhole in badminton. I talked about how I sort of enjoy spending money. One classmate replied that he is cheap. I don't really directly respond to something like that, but my preeminent thought when someone says that they're cheap is that life is too short to be cheap. There is a way to guarantee an improvement to your quality of life and your standard of living, and that is spending it can do exactly that invest Well, first, that's an antecedent, and then you can spend now, in the short run, when you're young, living below your means that can make some sense, until you've accumulated some Capital, sure, but when you're age 30 to 35 plus, like my classmates and I are Sheesh, you've got to have yourself figured out better by then than to still be cheap make your quality of life exceed your cost of living, because at least here on Earth, this is your last life ever the risk of too much delayed gratification is denied gratification. So be more frugal with your time than your money. And a lot of people point to external circumstances for their circumstances. Most people wait for the economy to change, not realizing that your mindset is the economy that you live in with each property that you own, you just created another small economy that you are in control of. You are at the top of it. Yeah, you created. Another small economy, the actors in it are you, your tenant, your lender, your property manager, your contractors, your utility companies and more, and you control it all. Most people think wealth is created from high salaries, and they go their entire life, therefore chasing the wrong thing, thinking that wealth is created by high salaries all along it squarely is not you get wealthy by owning things, and you certainly won't get wealthy by being cheap. Now, when it comes to owning things, the government taxes you when you profit on those things during your ownership period of them at sale time through the capital gains tax. And of course, we've talked about the specifics in how real estate investors can completely duck out of that with the 1031 tax deferred exchange. But what about homeowners, primary residence owners, they often have to pay it well. President Trump and Representative Marjorie Taylor Greene recently suggested either removing this tax or reforming it. Now this would require congressional approval, but most members of Congress own their home, so they could very well be in favor of it. And green introduced what is simply called the no tax on home sales act.    Keith Weinhold  6:29   Let's discuss how this can affect you, especially if you're a homeowner, or even if you don't own a home under the current law, which has been in place since 1997 on a primary residence, your first 250k of profit is sheltered from tax if you're single, the first 500k is sheltered if you're married. This is called the primary residence capital gains tax exemption or exclusion. Let's use an example. Say you bought a home years ago for 500k you're married and you sell the home for $1.3 million that's an 800k gain, alright? Since the first 500k is sheltered from capital gains tax, you would therefore have to pay the tax on just 300k on all but the lowest earners, your capital gains tax is 15 to 20% so this means if you sell this home on that 300k of profit, you'd have to pay a tax bill of between $45k and $60k and you might not be done there. You could also be subject to a net investment income tax of 3.8% on top of that, you cannot duck out of this because the 1031 exchange that's only for investment property, not primary residences, like we're talking about today, with home prices on the rise so much over the last five years, how many people exactly could be subject to this tax? 34% of homeowners could exceed the single filer threshold, and 10% could exceed the married filer threshold. Another way to say this is that only about 10% of US homes have more than 500k of equity in them, and it's the homeowners in high cost states that are most likely to be impacted here, New York, New Jersey, Massachusetts, California and Hawaii, states like that. So therefore this tax it acts as a deterrent to people selling their homes. Now, what about, say, an elderly person with a really modest income that bought a home in Los Angeles for $30,000 back in 1970 and now it's worth $15 million well, they actually would not get caught in this net, because, like I said, for those with lower incomes, and it's below about 47k for single or 94k married, the capital gains tax rate is zero. For most of you listening again, it's going to be 15 to 20% one reason for the President and others wanting to cancel the capital gains tax on primary residences like this is to get the housing market moving again and get more homes available for sale on the market. Now these 250k and 500k thresholds, they have not moved since 1997 almost 30 years here, they haven't been adjusted for inflation and the median home sales price, it's jumped about 190% in that time it was 145k back in 1997 it's 435k today. So is. Home prices appreciate, more and more people will get caught up in paying the capital gains tax if your home value goes up by 10k That's another 10k that's subject to this 15 to 20% Capital Gains Tax, with that erstwhile possible net investment income tax on top of that. Well, what can you do about this growing capital gains tax obligation that you'll have that a lot of homeowners aren't even aware of? Well, even fewer realize that it is possible to reduce your home sales profit by adding capital improvements. That means making home renovations to the original purchase price. So therefore that home kitchen renovation that you were thinking about doing, well that might not be as costly as you think, if it reduces your capital gains tax at sale time to reset what we're talking about here, it's been proposed that the capital gains tax be removed when you sell your primary residence. Usually, we discuss tax on investment properties here, but this is a significant proposal, and whether it happens or not, it helps you understand the housing market and how to limit your personal tax hit now see if the tax were removed, it could be costly, because it would decrease the government's tax revenue, of course. So in my opinion, what I think is really going to happen here, a more likely course of action would be that instead of eliminating this tax they would just move up the threshold, say, from 250 and 500k up to 500k and $1 million another angle to keep in mind is that relaxing the tax that helps out wealthy people more than it helps the poor. Now, house flippers want to pay particular attention to what happens here, for instance, simply eliminating capital gains tax on house sales that could benefit those who buy and flip homes for profit. If policymakers want to benefit only homeowners, then they need to parse that out. Otherwise, this would be a huge boon to eliminating the capital gains tax on House flippers an absolute godsend, a windfall. In any case, relaxing the tax would mean that homeowners who move they would therefore retain more capital to reinvest in their next property, which you could use to outbid others. What does that do that would drive up home prices even more. I mean talking about the capital gains tax on primary residences, its proposal to be removed and what this would do to the housing market.    Keith Weinhold  12:50   Before I tell you about an interesting real estate investing niche and trend, let's pull back and look at the national housing market. The NAR recently let us know that national home prices hit yet another all time high. The median existing home price reached a record high of $435,300 and that is a 2% increase compared to last year. At this time, it's also the 24th consecutive month of year over year price increases. And you know, it's funny, I recently talked to an investor based in Phoenix that also does a little investing in Las Vegas. She thought that national home prices were falling because she sees a little price flattening in her home area, which is a little overbuilt. Well, prices are up as much as 10% in some areas of the Northeast and Midwest, because those areas are substantially underbuilt. I mean, for some perspective here just one metro area, New York City, one city with its population of over 20 million people, has twice as many people as both Arizona at 7 million and Nevada at just 3 million combined. One city twice as much as two entire states combined with all their cities. So it's remarkable how little perspective some people have see my geography degree holder perspective strikes once more again, national existing home prices are up 2% year over year, nominally, pretty modest growth, not that exciting. And who is doing the buying of these homes supporting and driving up prices. Well fewer and through of them are first time home buyers due to the well documented affordability strain. More and more of them are investors. Just last week, the Wall Street Journal reported that investors are responsible for fully 30% of the purchases of. Of both existing homes and new construction homes this year, and this is the highest share since property analytics firm kotality started tracking it 14 years ago. Investors are really buying today, and what kind of investors? Interestingly, it is people just like you. The Wall Street Journal went on to report that smaller investors who own fewer than 100 homes are doing most of the buying. That's a big change from when massive private equity firms like Blackstone and Starwood Capital Group dominated the market. So this 30% of single family home purchases being made by investors today. Smaller investors are 25% and larger ones only accounted for 5% so yeah, the little guys, people like you, they can take bigger risks because they don't have boards and shareholders to answer to, and plus builders with too much inventory are offering them discounts that were once reserved only for the bigger fish. They're being passed on now to smaller investors like you. That's exactly what the journal went on to say, much like we discussed on the show here last week, where builders are giving massive discounts.    Keith Weinhold  16:22   Well, you probably heard it said that Airbnb doesn't own any real estate. Uber doesn't own any cars. Facebook doesn't own any content, and Tiktok has no original videos. Yet, they all dominate their industries. Well, when you own the real estate, you can make the rules and leverage some of these connector platforms to help you rent out space that you own and increase your income. Do you own any property that's sitting vacant with nothing going on on the lot, perhaps even overgrown with weeds and shrubs. You can use an app like neighbor that helps you rent them out as parking spaces. Neighbor.com customers request your space, and you can approve it. They can park their cars on your space or RVs, boats, boats, trailers. This can be especially lucrative if you're a few miles from an airport, and then there are platforms that let you leverage them, sort of like the Airbnb of storage. Roughly one out of every nine Americans is renting a self storage unit, and that's not even counting all the people searching for a spot to park an extra car, boat or RV. At the same time, there are millions of garages, basements, attics, driveways and backyards sitting underutilized across the country now, platforms like store at my house, Pure Storage and park for share, that one is spelled Park, the number four and share, they're all stepping up to connect people who have extra space with the people that need it. And the result is that renters can typically save 50% or more compared to them using traditional storage companies they can rent from you, and it's often more convenient for renters, since the space they're renting that might be just around the corner instead of across town. Neighbor.com is one of the biggest players in this space, though, its founder, his name's Joseph Woodbury. He says you'd be amazed at what people will pay to store something if the location is good and the price is right, they have had a tiny three foot by five foot closet in Manhattan that rented out in a snap, almost instantly in Woodbury. He even uses the platform himself, leasing part of his own driveway to someone with a camper. Now, you probably want to check with your HOA before you do something like that. But like Airbnb neighbor, they earn money by taking a cut of the host's revenue. But unlike Airbnb neighbor, hosts average just 16 minutes per month managing their listings now Woodbury, the neighbor.com owner, he calls it the most efficient, least time intensive form of passive income in America. And the peer to peer storage trend, that's become a great entry point for new investors, especially those that aren't ready to buy a full property. But it's also catching the eye of experience real estate investors who want to squeeze more cash flow out of the land that you already own. Some are turning unused sheds into rentable storage units. Others are converting open acreage into long term parking. I know someone that's hosting campers and. RVs on his 10 acres in Florida, and he expects to earn about $100,000 this year alone from that land. And they say it's mostly hands off. And now, whenever he buys he looks for acreage plus a home so that he can generate multiple income streams from one property. Well, can this peer storage and parking shake up the $500 billion self storage and parking industry the same way that Airbnb rattled the hotel world? Some think the potential is huge, with national occupancy rates for storage centers hovering around 93% there really is not any sign that the market is oversupplied. In fact, even public storage, that's the company name, public storage, they are the country's largest self storage space operator, even they use neighbor to help lease out their leftover inventory, and so do some REITs that have extra space at their office, retail or apartment properties. And as far as the types of listings, people are getting creative on these platforms. They're monetizing everything from empty barns to church parking lots. Think about how much of the week church parking lots sit vacant to vacant strip mall storefronts, and they're using that as parking so more and more people are realizing that there's hidden value in the real estate that they already own, and you can too. If you own the real estate, you make the rules. So check out those four platforms that I mentioned, if you think it can benefit you to increase the income at your properties in this growing peer to peer storage and parking industry. It was around 2010 when Airbnb really started to take off and really take market share away from hotels, and today, these platforms like neighbor store at my house, peer storage and park for share, are taking market share away from traditional, centralized self storage spaces to review what you've learned so far today, if you're going to Live life full time, you can't be perpetually cheap. Be aware of the primary residence capital gains tax and its elimination proposal. Small investor interest is growing now, making up fully 30% of today's home purchases, and grow your income with Pure Storage and parking platforms coming up next, a viral audio clip that borders on the unbelievable and gives you a new perspective on capitalism, collectivism and Section Eight housing, you'll be flabbergasted. I'm Keith Weinhold. You're listening to Episode 565, of get rich education.   Keith Weinhold  23:00   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056,they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Caeli Ridge personally. While it's on your mind, start at Ridge lendinggroup.com. That's Ridge lendinggroup.com.    Keith Weinhold  23:32   You know what's crazy? Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading, it's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family 266, 866, to learn about freedom. Family investments, liquidity fund again. Text family to 66866.   Kathy Fettke  24:42   you this is the real wealth network's Kathy betke, and you are listening to the always valuable get rich education with Keith Weinhold.   Keith Weinhold  25:00   Keith, you are back inside one of America's longest running and most listened to real estate investing shows. I'm your host, Keith Weinhold, and this is get rich education, the voice of real estate investing. Since 2014 wealthy people's money either starts out or ends up in real estate, we tell you why and show you how. I've got a clip to share with you that gets a little wild. We usually share what I suppose is more cerebral content here, but some real perspective can be gleaned from listening to this. This kid wants to work his mom says, No, you can't, because she'd lose her section eight housing benefit. And apparently, free housing is more valuable than his future. This is about one minute in length,   Unknown Speaker  25:52   not getting no job. If you go get a job, they're going to take my section eight, then you won't be able to get no section eight. You're not going to get no job. They're gonna count your income against my section eight and my link card. You're not working, no. So I don't care what you gotta say. I don't care how you feel. You're not working, you're not going to get a job, you you're not going to school, you're not doing none of that like Ma. I'm saying how I'm supposed to be successful in life, huh? So you basically telling me I gotta I gotta be broke to be successful. I got to be broke so I can get section eight. Government can help you. So the government can help me. So you telling me I can't work, no job, bro. Like, that's like, all my friends got jobs and live and nice houses. So you telling me I got the I got to go through the same thing you went through if you have a house, any of that, they're going to take my section eight. How? What they be like,no, they will look at that and be like, he's doing something. And give me a bigger house. Ma, that's what you told me. I can get off your section eight and apply for my own section eight. Okay, but if you do that, you're gonna have to go the hard way. It's gonna take a long so what? That's what I'm saying. Get on Section Eight. Find you a nice apartment, go get you a link card. You will be fine. You don't have to sit up and work. You don't have to work, no job, if the government is here to help us.   Keith Weinhold  27:11   Gosh, this mom won't let her son work, or else she'll lose their government section eight housing benefit, where taxpayers pay for most of their housing. And by the way, is this real? Is this a rage bait skit? I can't quite tell, but it surfaces some interesting questions. For sure, it is true that section eight housing voucher recipients like her can lose their benefits if the household earns more and exceeds a certain threshold. Gosh, here's the youth that wants to do something and maybe be better and have more than his parents. You should want what's best for your child? Some parents have to beg their children to get a job. This kid is willing to go out and see what he's capable of doing. This eaglet is looking to leave the nest, and you're clipping his wings, and yes, you the listener, are the one paying for their housing. There's no such thing as a free government program, because taxpayers like you and I fund the government section eight housing is therefore tax payer funded at one point. The mom says the government is here to help us. Yeah, this woman is making you poorer. This is where the taxes that get knocked out of your paycheck are going. You're working at a job, spending less time with the people you love, and maybe doing fewer of the activities you love so that she can perpetuate a culture of laziness and government dependency. Another successful entrepreneur or employee is not making you poorer, this woman is making you poorer. Thomas Sowell said it best. He is an author and a senior fellow at the Hoover Institution. He's got a lot of brilliant thoughts. Soul famously said, I have never understood why it is greed to want to keep the money you have earned, but not greed to want to take somebody else's money. That's Thomas Sowell. Now it's possible that this woman couldn't get a job that would pay so much more than the section eight income ceiling that it would be worth her getting one. She said there that she doesn't have a job at all. Maybe she has a disability, but there's a video of this. You can see the video. She doesn't appear to be disabled, but the appalling part is that she's discouraging her son from working now. Understand some section eight tenants do work full time jobs, but they're almost certainly going to be really low paying like, say, washing dishes for a restaurant. Section Eight is supposed to be a temporary program. It's supposed to be helpful, not a hindrance. It is a federal program. It's administered by HUD, and it pays the rent money for low income people, allowing them to rent housing out in the private open market. The program has high demand and some long, long waiting lists. They can be years long, even a decade long, waiting list for Section Eight housing some housing authorities even close their wait lists entirely due to the length the overwhelming demand and understand as well, veterans and the elderly are probably on a wait list, waiting for substantially younger people like her to get off the program to qualify for Section Eight, most families need an income below 50% of the area's median income, and your criminal background check has got to be clear, so you don't need to pass some high bar to get into the program. Now, in reality, a large share of the benefit recipients have an income that's under 30% of an area's median and how much of your rent does section eight pay? Participants typically pay a portion of their monthly income toward rent, usually around 30% they pay around 30% where section eight pays 70% I once run into a section eight tenant, and the tenant paid closer to 20% while the program paid 80% for you. And by the way, landlords don't have to accept section eight tenants. It is voluntary, and it pays landlords about the market rate in hot housing markets with fast rising rents. Well, you probably don't want to accept section eight because a regular, unsubsidized tenant is often going to pay you more in a slow rental market, Section Eight is better for landlords. Now, some landlords like section eight because it is guaranteed rent income, but some don't like it because they say they get low quality tenants. Well, foreign landlord can rent to a section eight tenant, a person called a case manager inspects the unit, and I think I shared with you before that, the first one that inspected mine, they wrote me up because they said that one of my Windows didn't open all the way. I fixed it, and the tenant stayed two years before they moved. But the average duration of time that a tenant spends in the program is six to nine years. It is supposed to be a short term bridge, but often becomes a long term subsidy people get dependent on the handout. HUD tells us that only one in seven families leave the program due to increased income, and there is a strong stigma around section eight housing, for sure. Who knows? To shake the stigma, maybe they will just change the name of the program. That happens sometimes, sort of like how they changed the name of the food stamps program to snap. And by the way, the link card that she mentioned in the video that is for food assistance. That's actually the name of the snap card in the state of Illinois. Oh, dear God bless America, training her kids to live off the government. I almost feel trashy after thinking about this. I'm probably going to go shower next now. Should the minimum wage be high enough that everyone can afford at least a one bedroom apartment, and therefore people wouldn't need section eight? Well, the federal minimum wage is $7.25 it's been stuck there since 2009 the economic commentator Peter Schiff, who I had lunch with a couple times last month, he and his wife Peter, makes the case that there should be no minimum wage at all. That is government intervention in the free market. If you make the minimum wage too high, people get laid off and people get replaced by robots. That's just what's really happened in practice, if a person can only make the minimum wage, they need to get better, and they need to skill up, is what Peter contends. Now, when I graduated college, I would have thought that premise sounded ridiculous. No minimum wage. But the more I think about it and the more I experience life, it does begin to make more sense. The fresh post collegiate me would have said that, ah, a working human being, they deserve the dignity of a minimum wage. That's livable, but some time and perspective has me saying that you are the one that brings dignity to your work, your earning potential and your life. It's not up to someone else to provide you with dignity. You don't lean on the government for your dignity. Learn more, be better, skill up. You'll be dignified, and you're going to earn multiples more than minimum wage. When it comes to the section eight, mom, everyone would like to live at the expense of the state, but few realize that the state lives at the expense of everyone else. If you'd like to see the video footage of that section eight clip that I played and more of my commentary on it. It's pretty interesting that should be available on our YouTube channel now. The channel name is get rich education. What else would it be for the production team here at GRE? That's our sound engineer, Vedran Dzampo , who has edited every single GRE episode since 2014,  QC and show notes. Brenda Almendadadas, video lead, Binaya Gyawali video strategy lead, Talha Mughal, video editor, Sorosa KC and producer me, we'll run it back next week for you. If you'd like the show, please tell a friend about it. I'd really appreciate you sharing it until then, I'm your host. Keith Weinhold, don't quit your Daydream.    36:29   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice if the means of guests are their own information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC exclusively.   Keith Weinhold  36:53   You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access, and it's got paywalls and pop ups and push notifications and cookies disclaimers, it's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read. And when you start the letter, you also get my one hour fast real estate. Video, course, it's all completely free. It's called the Don't quit your Daydream. Letter, it wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text gre 266, 866. While it's on your mind, take a moment to do it right now. Text, gre 266, 866,   Keith Weinhold  38:08   The preceding program was brought to you by your home for wealth, building, getricheducation.com.  

Episode 64: In this episode, Timalyn breaks down a hot topic from the newly passed One Big Beautiful Bill Act, the No Tax on Overtime Act, and what it really means for working taxpayers starting in 2025. There has been a lot of confusion online suggesting that overtime income is completely tax-free. But is that true? Not exactly. Timalyn explains how the law allows an above-the-line deduction for qualifying overtime income. That means you can deduct a portion of your overtime pay from your taxable income, but it is not completely exempt. She walks you through who qualifies, how much can be deducted, and what income limits apply.  Here is a quick breakdown: ✔️ If you are filing single, you can deduct up to $12,500 ✔️ Married couples filing jointly can deduct up to $25,000 ❌ Married filing separately does not qualify for this deduction There are income phaseouts to be aware of. If your income exceeds $150,000 as a single filer or head of household, or $300,000 if married filing jointly, the deduction decreases by $100 for every $1,000 you earn over the limit. Timalyn also explains how employers will report this on your W-2 and what counts as premium overtime pay under the Fair Labor Standards Act. Only the premium portion, meaning the amount you earn above your regular rate, will qualify for the deduction. This deduction is not permanent. It only applies to tax years 2025 through 2028. There is also a Social Security number requirement, and this may affect how couples decide whether to file jointly or separately. Please note that this deduction only applies to income tax. It does not apply to social security, Medicare, state, or local taxes. Need Tax Help Now? If you are currently facing an audit or have received a notice, schedule a consultation with Timalyn through her website: www.bowenstaxsolutions.com As we conclude Episode 64, make sure to subscribe on Spotify, Apple Podcasts, or your favorite podcast platform. Remember, Timalyn Bowens is America's Favorite EA, and she's here to fill the tax literacy gap — one taxpayer at a time. Thank you for listening to today's episode. For more information about tax relief, visit: https://www.Bowenstaxsolutions.com. Got feedback or an episode suggestion? If you have any feedback or suggestions for an upcoming episode topic, please submit them here: https://www.americasfavoriteea.com/contact. Disclaimer: This podcast is for informational and educational purposes only. It provides a framework and possible solutions for solving your tax problems, but it is not legally binding. Please consult your tax professional regarding your specific tax situation.

No tax on tips has been a blessing for employees who rely on them. But what else do you need to know about this new tax law other than just the information brought forth by the title? Let's dive in! Do you have tax debt? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/If you want to see more…-YouTube:    / @loganallec  -Instagram: @ChoiceTaxRelief @LoganAllec -TikTok: @loganallec-Facebook: Choice Tax Relief // Logan Allec, CPA -Reddit:   / taxrelief   

Today on AirTalk, former Vice President Kamala Harris announces she will not run for CA Governorship; while local housing inventory stalls, interest begins to cool; what is the impact of 'no tax on tips?'; Trump administration may shift views on DACA; is cane sugar really a better alternative than high fructose corn syrup? and TV Talk. Today on AirTalk: Kamala Harris will not run for CA Governor (00:15) Housing market check in (17:44) No Tax on tips (36:27) Trump's shift on DACA (50:13) Cane Sugar vs. High Fructose Corn Syrup (1:06:16) TV Talk (1:24:09) Visit www.preppi.com/LAist to receive a FREE Preppi Emergency Kit (with any purchase over $100) and be prepared for the next wildfire, earthquake or emergency!

Send us a text and chime in!The IRS announced that changes are coming for American taxpayers, with the One Big Beautiful Bill Act offering tax deductions for working Americans and seniors. Below are descriptions of new provisions from the bill, signed into law on July 4, that go into effect for 2025. No Tax on Tips New deduction: Effective for 2025 through 2028, employees and self-employed individuals may deduct qualified tips received in occupations that are listed by the IRS as customarily and regularly receiving tips on or before December 31, 2024, and that are reported on a Form W-2, Form 1099, or other specified statement... For the written story, read here >> https://www.signalsaz.com/articles/irs-announces-new-tax-deductions-for-americans/Check out the CAST11.com Website at: https://CAST11.com Follow the CAST11 Podcast Network on Facebook at: https://Facebook.com/CAST11AZFollow Cast11 Instagram at: https://www.instagram.com/cast11_podcast_network

In this Australian Retirement Podcast episode, your hosts Drew Meredith, from Wattle Partners, and James O'Reilly, from Northeast Wealth cover a range of topics including  the CBA share price, why pre-retirees still need to think long-term, how to deal with crazy insurance premiums, and how the cashout-and-recontribution strategy can help your kids pay a truckload less tax. If you like this Australian Retirement Podcast episode, you'll love the series. Don't forget to subscribe for weekly shows on Apple, Spotify, YouTube or wherever you get your podcasts. Topics covered today: - James throws in the towel - Drew presents AI to his team - Pre-retirees not thinking long-term - What's the point of insurance when you're close to retirement? - The cashout and recontribution strategy explained Resources for this episode Ask a question (select the Retirement podcast): https://bit.ly/R-quest  Rask Resources All services: https://bit.ly/R-services Financial Planning: https://bit.ly/R-plan  Invest with us: https://bit.ly/R-invest  Access Show Notes: https://bit.ly/R-notes  Ask a question: https://bit.ly/R-quest  DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you're confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

New tax proposal offers four years of relief for qualified workers, starting retroactively in 2025.Quick Tax TipWith Art WernerCPE TodayDuring his campaign rallies, Donald Trump made repeated promises to eliminate taxes on overtime pay, and that promise has now been incorporated into legislative language. According to tax expert Art Werner, the proposed tax break is indeed included in the new tax bill, and it's one of the few provisions that start early and end early.Click here for more Art Werner“This is one of the parts of the bill that actually sunsets,” said Werner in a recent episode of Quick Tax Tip. “It goes from 2025 to 2028, unlike the rest of the bill, which largely begins in 2026.”The provision eliminates federal tax on qualified overtime compensation, but don't get too excited just yet. The deduction only applies under very specific conditions.

Along with some other federal agencies, the Trump administration has attempted to gut the Institute of Museum and Library Services. It's a small agency, but public libraries across the country rely on its funding. The loss of federal grants isn't the only thing these community hubs are up against. On the show today, Sam Helmick, president of the American Library Association, explains how public library funding works, the challenges presented by the shift to digital media, and what the culture wars look like on the ground at public libraries. Later, listeners share their thoughts on the new No Tax on Tips and Overtime laws. Plus, a librarian answers the Make Me Smart question.Here's everything we talked about today:"The Trump Administration Is Threatening Libraries, Museums, and Other Nonprofits That Support the Arts, Humanities, and Learning" from the Center on Budget and Policy Priorities "Libraries are cutting back on staff and services after Trump's order to dismantle small agency" from AP News"1 big thing: Libraries' e-book battle" from Axios“No Tax on Tips” Is an Industry Plant" from The New Yorker We love hearing from you. Leave us a voicemail at 508-U-B-SMART or email makemesmart@marketplace.org.

Along with some other federal agencies, the Trump administration has attempted to gut the Institute of Museum and Library Services. It's a small agency, but public libraries across the country rely on its funding. The loss of federal grants isn't the only thing these community hubs are up against. On the show today, Sam Helmick, president of the American Library Association, explains how public library funding works, the challenges presented by the shift to digital media, and what the culture wars look like on the ground at public libraries. Later, listeners share their thoughts on the new No Tax on Tips and Overtime laws. Plus, a librarian answers the Make Me Smart question.Here's everything we talked about today:"The Trump Administration Is Threatening Libraries, Museums, and Other Nonprofits That Support the Arts, Humanities, and Learning" from the Center on Budget and Policy Priorities "Libraries are cutting back on staff and services after Trump's order to dismantle small agency" from AP News"1 big thing: Libraries' e-book battle" from Axios“No Tax on Tips” Is an Industry Plant" from The New Yorker We love hearing from you. Leave us a voicemail at 508-U-B-SMART or email makemesmart@marketplace.org.

The big beautiful bill now says until 2028 no tax on tips!

Send us a textHouse Ways and Means Committee member Adrian Smith, R-Neb., discusses the One Big Beautiful Bill Act's accomplishments and what could be next for Congress on tax. Check out our interview with Rep. Horsford, "House Taxwriter Talks Democratic Priorities, Responds to OBBBA."For more coverage, read the following in Tax Notes:Lawyers Predict Reconciliation Bill Tax ControversiesHouse Appropriators Would Cut IRS Beyond White House's 20 Percent New GOP Tax Law Will Add $3.4 Trillion to the Deficit, CBO SaysGOP's 'No Tax on Tips' Falls Short for Las Vegas TaxwriterFollow us on X:Cady Stanton: @Cady_Stanton David Stewart: @TaxStewTax Notes: @TaxNotes**CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesProducers: Jordan Parrish, Peyton RhodesAudio Engineers: Jordan Parrish, Peyton Rhodes

Republicans' newly passed tax and spending law makes good on a promise President Trump made over and over on the campaign trail: No Tax on Tips and Overtime. But the change likely won't have the drastic impact many workers think it will. Marketplace's Kristin Schwab joins us on the show today to break down the nuts and bolts of how the tax breaks will work and how American workers and businesses could be affected. Plus, Kimberly's cat Artax makes an appearance.Here's everything we talked about today:"How the new "No Tax on Tips" and overtime laws work" from Marketplace  "No Tax On Tips And Overtime: What Workers Should Know" from Bankrate"Here's A Tip: ‘No Taxes on Tips' May Be Good Politics But Is Bad Policy" from the Tax Policy Center“An Illustrated Guide to Who Really Benefits From ‘No Tax on Tips'” from The New York TimesJoin us tomorrow for Economics on Tap. The YouTube livestream starts at 3:30 Pacific/6:30 Eastern. See you then!

Republicans' newly passed tax and spending law makes good on a promise President Trump made over and over on the campaign trail: No Tax on Tips and Overtime. But the change likely won't have the drastic impact many workers think it will. Marketplace's Kristin Schwab joins us on the show today to break down the nuts and bolts of how the tax breaks will work and how American workers and businesses could be affected. Plus, Kimberly's cat Artax makes an appearance.Here's everything we talked about today:"How the new "No Tax on Tips" and overtime laws work" from Marketplace  "No Tax On Tips And Overtime: What Workers Should Know" from Bankrate"Here's A Tip: ‘No Taxes on Tips' May Be Good Politics But Is Bad Policy" from the Tax Policy Center“An Illustrated Guide to Who Really Benefits From ‘No Tax on Tips'” from The New York TimesJoin us tomorrow for Economics on Tap. The YouTube livestream starts at 3:30 Pacific/6:30 Eastern. See you then!

100% bonus depreciation is back—and it's permanent.In this episode, CPA and fan-favorite Kevin Bassett returns to break down the tax bill shaking up the commercial real estate world.From massive tax write-offs for CRE pros and investors, to bonus depreciation on entire manufacturing buildings, to the new wave of opportunity zones—this is everything you need to know to protect your margins and maximize your returns.Plus:What brokers and syndicators should do immediatelyWhy the IRS owes cost segregation companies a bottle of champagneThe surprising end to electric vehicle creditsAnd yes, a plea to Barbara Corcoran to join usWhether you're a CRE broker, investor, or just someone who enjoys watching tax legislation get absolutely roasted, this episode is for you.

A new bill from Congresswoman Marjorie Taylor Greene aims to eliminate the federal capital gains tax on primary home sales, offering a major tax break to millions of long-time homeowners. In this episode of Real Estate News for Investors, Kathy Fettke breaks down the proposed No Tax on Home Sales Act, why it's gaining support from industry leaders, and how it could impact inventory, affordability, and home equity cash-outs. With 1 in 3 U.S. homeowners sitting on gains above current tax exclusions, this bill could reshape the way Americans sell—and buy—homes. JOIN RealWealth® FOR FREE https://realwealth.com/join-step-1 FOLLOW OUR PODCASTS Real Wealth Show: Real Estate Investing Podcast https://link.chtbl.com/RWS Source: https://www.realtor.com/advice/finance/greene-capital-gains-home-sales-bill/ 

Logan and Allie breakdown the Big Beautiful Bill's adjustments to taxes for seniors.

Congress is cancelling over $1 billion in pre-approved funding for public broadcasting. The funding cuts threaten local news and educational programming across Pennsylvania. Workers who rely on tips are being advised to pay attention to their taxes this year. A "no tax on tips" provision is part of the federal tax cut and spending bill recently signed into law. Workers who get voluntary tips - not service fees - may benefit from claiming both cash and credit card gratuities on their taxes. Under current law drivers in Pennsylvania are only required to display one license plate, on the rear of their vehicle. But a state lawmaker will soon introduce legislation to change that. The owner of Lancaster County hydro-electric plants at Holtwood and Safe Harbor has agreed to sell Google massive amounts of electricity generated by the Susquehanna River dams to power some Google data centers. The 20-year, $3 billion agreement is between Google and Canadian owners Brookfield Asset Management. Lancaster and Lebanon Counties are in talks for a long-term solution for hazmat services. Much is still unknown about the restoration efforts at the Governor's Residence in Harrisburg, following an April arson attack that severely damaged part of the Front Street mansion. We explore what we know—and don’t know. Support WITF: https://www.witf.org/support/give-now/See omnystudio.com/listener for privacy information.

Meet my friends, Clay Travis and Buck Sexton! If you love Verdict, the Clay Travis and Buck Sexton Show might also be in your audio wheelhouse. Politics, news analysis, and some pop culture and comedy thrown in too. Here’s a sample episode recapping four Thursday takeaways. Give the guys a listen and then follow and subscribe wherever you get your podcasts. Clay: Sorry, NY The Senate’s landmark vote to defund PBS and NPR, a conservative goal that has been decades in the making. Clay and Buck frame this as a generational shift in media accountability, pending final approval from the House. The rise of Zohran Mamdani, a New York City mayoral candidate whose far-left platform includes abolishing private property and implementing socialist economic reforms. Clay and Buck debate whether Republicans should strategically allow Mamdani to win, arguing that his radicalism could serve as a wake-up call for voters and galvanize GOP turnout in the 2026 midterms. They suggest that Democrats embracing Mamdani could backfire nationally, especially in swing districts. The Audience Weighs In Calls and emails split between defending New York City and supporting Clay’s provocative idea of “sacrificing” NYC to expose Democratic extremism. The hosts also highlight Elizabeth Warren’s public distancing from Mamdani, interpreting it as a sign of internal Democratic discomfort with his ideology. Alan Dershowitz on Epstein Alan Dershowitz joins the show to discuss the Jeffrey Epstein case, recent developments in the DOJ, and media misinformation. Dershowitz defends Trump against claims of involvement in Epstein’s crimes, asserting there is no credible evidence linking Trump to any wrongdoing. He also debunks conspiracy theories about Epstein’s ties to Israeli intelligence, calling them baseless and antisemitic. Dershowitz advocates for full transparency in the Epstein files, including both accusations and exculpatory evidence, to ensure fairness in public judgment. TN Sen. Marsha Blackburn Senator Marsha Blackburn of Tennessee, offering deep insights into the latest conservative legislative victories and political developments. The hour opens with Blackburn discussing the Senate’s advancement of a major rescission package, which includes efforts to defund NPR and the Corporation for Public Broadcasting—an initiative dating back to the Reagan era. She highlights the elimination of wasteful federal spending, such as funding for vegan food in Zambia and electric buses in Rwanda, projecting a potential $90 billion in savings over a decade. The conversation shifts to President Trump’s early-term accomplishments, with Blackburn praising his swift action on the economy, border security, and crime. She emphasizes his commitment to promises made, including securing the southern border, reducing inflation, and rebuilding the military. The hosts and Blackburn also discuss the “No Tax on Tips” bill and a proposed $6,000 annual Social Security tax deduction for seniors, framing these as key components of the GOP’s 2024 platform. Judicial appointments take center stage as Blackburn details the contentious confirmation of Emil Bove to the U.S. Court of Appeals for the Third Circuit. Despite Democratic opposition due to Bove’s past legal defense of Trump, Republicans pushed the nomination through committee. Blackburn criticizes Democrats for obstructing judicial and law enforcement appointments, urging the GOP to push confirmations forward without delay. The hour also explores Tennessee’s economic success, with Blackburn crediting the state’s constitutional ban on income tax and fiscally conservative governance for attracting businesses and residents. She contrasts this with the rise of far-left politics in cities like New York, referencing the candidacy of Zohran Mamdani and warning of the dangers of socialist policies. Make sure you never miss a second of the show by subscribing to the Clay Travis & Buck Sexton show podcast wherever you get your podcasts! ihr.fm/3InlkL8 For the latest updates from Clay and Buck: https://www.clayandbuck.com/ Connect with Clay Travis and Buck Sexton on Social Media: X - https://x.com/clayandbuck FB - https://www.facebook.com/ClayandBuck/ IG - https://www.instagram.com/clayandbuck/ YouTube - https://www.youtube.com/c/clayandbuck Rumble - https://rumble.com/c/ClayandBuck TikTok - https://www.tiktok.com/@clayandbuck YouTube: https://www.youtube.com/@VerdictwithTedCruzSee omnystudio.com/listener for privacy information.

Inside Parallax IG: https://www.instagram.com/inside_parallax?igsh=dXp6aTN1bTZnMHhjDiscord: https://discord.gg/FBpN6N6BOur new Reddit Community: https://www.reddit.com/r/Shootin_The_Shit/s/44jMexiCSHHoodlum_Actual IG: https://instagram.com/hoodlum_actual?igshid=MmVlMjlkMTBhMg==Other IG: https://www.instagram.com/sts_hoodlum_actual?igsh=aGo0cGZwMWRvdnps———————————————————-Adam's post nuke NEW IG: https://www.instagram.com/slvrtacofrommi?igsh=MXE0Y3k2bXNzNndrNA==Other IG: https://www.instagram.com/sts.adam?igsh=MW1tazVhZTZtMnlmNA==———————————————————-Its.Millar.Time IG: https://instagram.com/its.millar.time?igshid=YTQwZjQ0NmI0OA==Other IG: https://www.instagram.com/sts.millar?igsh=aHJheHYwcWVhdDZwChris IG: https://www.instagram.com/sts.chris1?igsh=aWUzbTk4Z2g3b2pp

Glen unpacks key provisions of the recent US tax/spending bill with help from his expert friends: the Defense Credit Union Council's Jason Stverak on $1,000 newborn accounts, and credit union lifer Lou Grilli on the “no tax on tips” details. Also- has Big Tech determined that regulation isn't so bad after all?    Links related to this episode:   The DCUC's call for the US Treasury to include credit unions in the newborn account rollout:  https://www.dcuc.org/news/dcuc-to-treasury-include-credit-unions-in-trump-accounts-rollout-for-newborns  Bloomberg's coverage of JPM Chase's plan to charge for open banking data: https://www.bloomberg.com/news/articles/2025-07-11/jpmorgan-tells-fintechs-they-have-to-pay-up-for-customer-data?embedded-checkout=true  The Wall Street Journal on tech firms' desire for federal AI regulation, and why it's unlikely by 2026:  https://www.wsj.com/articles/after-setback-tech-firms-renew-push-for-federal-ai-regulation-cc2b26d5  Labor/Employment law firm Littler's take on the “No Tax on Tips” provision: https://www.littler.com/news-analysis/asap/what-employers-need-know-about-no-tax-tips-and-no-tax-overtime   Today's newborns are tomorrow's youth bankers; for more on that topic, check out our recent CU Town Hall featuring Marcell King, CEO of Incent: https://www.youtube.com/watch?v=5GkfKtp26Xw  The Defense Credit Union Council: https://www.dcuc.org/  World Credit Union Conference: https://www.woccu.org/#trendingnow    Check out https://www.bigmerger.ai/ for details on how BIG has turbocharged its 20 years of credit union M&A experience with an AI-assisted framework that delivers successful conversions with remarkable speed, full data privacy and zero member downtime. Read about how BIG enabled the UCCU/TransWest core system merger in just 5 months. Join us on Bluesky!  @bigfintech.bsky.social;  @154advisors.bsky.social (Glen); @jbfintech.bsky.social (John) And connect on LinkedIn for insights like the Friday Fintech Five: https://www.linkedin.com/company/best-innovation-group/  https://www.linkedin.com/in/jbfintech/ https://www.linkedin.com/in/glensarvady/

There is a lot of confusing info regarding the Big Beautiful Bill.    Forget the noise or the politics. What are the facts on some of the key aspects?   No Tax on Tips: up to $25,000 of tip income is tax-free plus your standard deduction of $15,750 for singles, $31,500 for married filing jointly.    Social Security Tax: Social Security Administration estimates 88% of seniors will no longer pay taxes on Social Security benefits.     - $24,000: average Social Security benefit     - $15,750: standard deduction for singles     -   $2,000: senior deduction     -   $6,000: new senior bonus (Big Beautiful Bill)     - $23,750: Total deductions Taxable Social Security = Zero for average senior   Requires citizenship for Medicaid. Health and Human Services estimate 1.5+ million illegal aliens will lose Medicaid benefits despite not being eligible.   Currently, 14 states offer government healthcare "regardless of immigration status". Taxpayers pay for this.   If you have private health coverage, you pay premiums every month. Many have large deductibles. Most never use it unless absolutely. If a health situation occurs, insurance rarely pays for everything. You could get stuck with huge medical debt.   Illegals have received free healthcare. Government is supposed to benefit citizens. Our government is supposed to promote and protect the principles of the Declaration of Independence: "We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among those are Life, Liberty, and the pursuit of Happiness. --That to secure these rights, Governments are instituted among Men."    The US is the only country in the world that pays for the medical expenses of people who don't belong here, yet expects our citizens to not only pay our own medical bills but also the medical expenses of  illegals.   I don't think we should have to work hard to pay for benefits for illegals.       Us Government Debt is over $37 Trillion.   The US government's lack of financial responsibility creates an opportunity.   This is the "Golden Era" of fixed assets. The best rates in 40+ years! Insured with guarantees.      - Your Personal Bank policies are insured, with guarantees, income tax-free, highly liquid, and likely to increase returns for the next 5-10 years due to higher bond yields.      - Fixed Index Annuities have the best upside potential in 40+ years with no downside market risk. The principle is guaranteed. Some offer signing bonuses up to 16% with strong upside potential.      - Guaranteed Lifetime Income is the highest in 40+ years. Some products offer up to 30% signing bonus. Other products offer up to 10% increased guaranteed lifetime income each year you defer.  

For most Americans, the Big Beautiful Bill is destructionist legislation. But, I started to to look at it like any small business owner, entrepreneur should.  There is a silver lining for creators. Congress has just passed one of the biggest tax packages in recent history, billions in adjustments.  And there are four key areas that are critically important for content creators. 20% Qualified Business Income Deduction (QBI) No Tax on Tips (up to $25,000) No Tax on Overtime (within limits) 100% Bonus Depreciation This bill is a giant flashing neon sign that says: “We reward people who own things.” ------- Like this episode? SUBSCRIBE on Apple, Spotify or Google. See all Content Inc episodes at the Content Inc. podcast home. Get my personal newsletter today and receive my free goal-setting guide today.

With the Trump administration's Big Beautiful Bill came no federal tax on tips or overtime. We break down what that means, the bills' limitations, and who it affects.

-Rob discusses Marjorie Taylor Greene's proposed “No Tax on Home Sales Act” and a potential new policy allowing rent history to help buyers qualify for mortgages. -Rob and guest Mary Walter unpack topics including Epstein cover-up theories, escalating violence from the left, and commentary on Type 1 Diabetes Barbie. Today's podcast is sponsored by : BIRCH GOLD - Protect and grow your retirement savings with gold. Text ROB to 98 98 98 for your FREE information kit!CB DISTILLERY : Get healthy sleep with 25% off your first order at http://CBDistillery.com and use promo code CARSON To call in and speak with Rob Carson live on the show, dial 1-800-922-6680 between the hours of 12 Noon and 3:00 pm Eastern Time Monday through Friday…E-mail Rob Carson at : RobCarsonShow@gmail.com Musical parodies provided by Jim Gossett (www.patreon.com/JimGossettComedy) Listen to Newsmax LIVE and see our entire podcast lineup at http://Newsmax.com/Listen Make the switch to NEWSMAX today! Get your 15 day free trial of NEWSMAX+ at http://NewsmaxPlus.com Looking for NEWSMAX caps, tees, mugs & more? Check out the Newsmax merchandise shop at : http://nws.mx/shop Follow NEWSMAX on Social Media:  -Facebook: http://nws.mx/FB  -X/Twitter: http://nws.mx/twitter -Instagram: http://nws.mx/IG -YouTube: https://youtube.com/NewsmaxTV -Rumble: https://rumble.com/c/NewsmaxTV -TRUTH Social: https://truthsocial.com/@NEWSMAX -GETTR: https://gettr.com/user/newsmax -Threads: http://threads.net/@NEWSMAX  -Telegram: http://t.me/newsmax  -BlueSky: https://bsky.app/profile/newsmax.com -Parler: http://app.parler.com/newsmax Learn more about your ad choices. Visit megaphone.fm/adchoices

See omnystudio.com/listener for privacy information.

Update on Nick Tarnasky and the golf course incident, Isaac Howard is excited to be an Oiler and no-tax states.

On today's explosive episode of Wake Up America, Austin Petersen dives deep into the Epstein cover-up backlash and how it's now hitting Trump's own inner circle. After years of fueling the populist right with conspiracy theories — from birtherism to deep state coups — the Trump movement is suddenly telling its followers to “trust the DOJ” when it comes to Jeffrey Epstein. But MAGA influencers like Laura Loomer and Alex Jones aren't buying it. Is this the final straw for conspiracy culture? Or just the beginning of the Conspiracy Boomerang?

5pm: Top Stories Recap/Update // Musk announces forming of 'America Party' in further break from Trump // Elon Musk indicates his new political party will be pro-gun, pro-bitcoin: 'The Second Amendment is sacred' //  Trump reacts to Musk’s “America Party” // Trump Promised ‘No Tax on Tips.’ Then Came the Fine Print. // AI ‘Band’ the Velvet Sundown Officially Confirm They’re AI — and a ‘Provocation’ // CEOs Start Saying the Quiet Part Out Loud: AI Will Wipe Out Jobs // Letters 

The One Big Beautiful Bill Act (H.R. 1) just introduced major federal tax deductions for employees — but the recordkeeping burden now falls squarely on employers. In this episode, Rhamy Alejeal breaks down what you must do to stay compliant, avoid audit risk, and support your workforce with accurate W-2 reporting for 2025.Free Download: No Tax Tips & Overtime Deductions Guide Need Help? Book a free consultation with Rhamy Alejeal — exclusively for U.S. businesses with 10+ employees.https://youtu.be/ji7LYWrfjfA

In this episode, host Kevin Thompson, founder and CEO of 9i Capital Group, breaks down the newly signed "Big Beautiful Bill" (BBB). He highlights five major changes: a $6,000 senior deduction, restored bonus depreciation for capital investments, a higher $40,000 SALT cap, expanded QBI deduction eligibility for high earners, and a new tax exemption for overtime and tip income. Kevin explains how these provisions impact seniors, business owners, and high-income earners, while urging listeners to seek professional advice to navigate the bill's complexities and understand its long-term effects.Bonus Depreciation Returns (00:03:59)SALT Cap Raised to $40,000 (00:06:06)Qualified Business Income (QBI) Deduction Expansion (00:08:09)No Tax on Tips and Overtime (00:10:28)Recap and Closing Thoughts (00:13:37)Outro and Farewell (00:15:46)NEWSLETTER (WHAT NOW): https://substack.com/@9icapital?r=2eig6s&utm_campaign=profile&utm_medium=profile-page Follow Us: youtube: / @9icap Linkedin: / kevin-thompson-ricp%c2%ae-cfp%c2%ae-74964428 facebook: / mlb2cfp Buy MLB2CFP Here: https://www.amazon.com/MLB-CFP%C2%AE-90-Feet-Counting-ebook/dp/B0BLJPYNS4 Website: http://www.9icapitalgroup.com Hit the subscribe button to get new content notifications. Corrections: Editing by http://SwoleNerdProductions.com Disclosure: https://sites.google.com/view/9idisclosure/disclosure

Mayor Adams seems to be the candidate to back in the NYC Mayoral Race for the Republicans. Mamdani is being evaluated by more celebs and big names, and it doesn't look good for him. Jeffrey Epstein looks to have had no client list from committing suicide or Epstein being a sex offender. Mark breaks down how to respond when the media tells you that The Big Beautiful Bill will be tax cuts for the wealthy. Mark Takes Your Calls! Mark Interviews Boston Radio Host Howie Carr. Howie and Mark talk about if this new generation is all about giveaways and handouts. Is that the reason young people love Mamdani? It's not true that the Big Bill is going to mostly benefit the wealthy. See omnystudio.com/listener for privacy information.

Mayor Adams seems to be the candidate to back in the NYC Mayoral Race for the Republicans. Mamdani is being evaluated by more celebs and big names, and it doesn't look good for him. Jeffrey Epstein looks to have had no client list from committing suicide or Epstein being a sex offender. Mark breaks down how to respond when the media tells you that The Big Beautiful Bill will be tax cuts for the wealthy. Mark Takes Your Calls! Mark Interviews Boston Radio Host Howie Carr. Howie and Mark talk about if this new generation is all about giveaways and handouts. Is that the reason young people love Mamdani? It's not true that the Big Bill is going to mostly benefit the wealthy.

Elon Musk's America Party, Trump's No Tax on Tips, Mamdani's Columbia Controversy & Argentina's Libertarian Shift with Amity Dolby and Skot Sheller In this episode of Wake Up America, we explore the most explosive political stories shaping July 2025. Elon Musk's America Party: We break down the newly announced third-party effort led by Musk, examining its platform, its challenge to Trump and Biden, and its real chances in the 2026 and 2028 elections. Trump's No Tax on Tips Act: A close look at Trump's latest proposal to eliminate federal income taxes on tipped wages—what it promises workers and what's buried in the fine print. Zohran Mamdani's Columbia University Controversy: A deep dive into the resurfaced allegations that New York socialist legislator Zohran Mamdani identified as Black on his Ivy League application. We analyze the facts and the political fallout. Argentina's Libertarian Revolution: Guest Skot Sheller, a liaison between the Free State Project and Argentina, joins us for an in-depth discussion on President Javier Milei's radical reforms and what American libertarians can learn from Argentina's bold experiment. Featuring commentary from returning guest Amity Dolby, who provides sharp cultural and political analysis throughout the episode. Topics Covered: Elon Musk's America Party: Disruption or delusion? Trump's tip tax repeal: A political play or economic relief? Mamdani's Ivy League scandal: Identity politics meets elite admissions Argentina under Milei: Free markets, slashed spending, and global libertarian interest Insight and commentary from Amity Dolby and Skot Sheller Subscribe for in-depth political analysis, weekly cultural breakdowns, and unfiltered news commentary. Leave a comment—can Musk's new party succeed where others failed?

RE-RUNNo More Taxes On Tips-JACKED UP DAILY!On this episode, Captain Leap Walker the alien, takes Tim for a ride on his spaceship and things go wrong. Then Jack talks about Trumps no more Taxes on Tips. How will this effect California?FringeRadioNetwork.com LetsGetJackedup.com  E-mail us at letsgetjackedup@gmail.comFollow us on X @LetsGetJackedUp  and Facebookgo to www.StrawHatPizza.com to order your pizza if you live in Clovis or Fresno Californiamusic for this episode was from Back to the 80'shttps://youtu.be/0QKQlf8r7ls?si=dOoU1o_-HRiNm0Pv 

Nina Mast, Economic Analyst at the Economic Policy Institute, joined the America's Work Force Union Podcast to discuss the shortcomings of the "No Tax on Tips" policy. She explained why this policy fails to benefit most workers, how it compares to raising the minimum wage and the broader implications for tax policy and worker welfare. Greg LeRoy, founder of Good Jobs First, joined the America's Work Force Union Podcast to discuss the trend of states losing billions in tax revenue to datacenter incentives, the potential impact on utility rates and the lack of incentive transparency in many states.

On this week's Extra Serving, NRN editor in chief Sam Oches and executive editor Alicia Kelso unpack the Trump Administration's ‘Big Beautiful Bill,' which cleared the House on Thursday and was signed into law by President Trump on Friday. What should restaurant leaders know about the bill and how it affects their business? Sam and Alicia break it down. Next they discuss new menu items from across the industry — particularly those created in collaboration with other companies. For example, Potbelly released Hot Pepper chips in collaboration with Zapp's, while Buffalo Wild Wings is the exclusive destination for a limited time to check out Heinz's new smoky chipotle honey mustard sauce, created alongside the hip-hop producer Mustard. Find out why these kinds of partnerships make business sense. They also delve into the active world of McDonald's menu innovation, which recently included the new Double Burger, Blueberry & Creme Pie, and Spicy McMuffin. Could these new items help to reverse the Golden Arches' fortunes? Next they discuss recent data that illustrates the extent to which consumers are pulling back on their spend at restaurants — and how the data suggests that value menus are not the solution restaurants want them to be. Finally, tune in to a conversation between senior editor Joanna Fantozzi and White Castle vice president of marketing and public relations Jamie Richardson, held in person at the recent National Restaurant Association Show. For more on these stories: Senate version of Trump's tax bill passes with ‘No Tax on Tips' and business income deductionMcDonald's is adding a Spicy McMuffin to its breakfast lineupBuffalo Wild Wings mixes Mountain Dew with beer in limited-time offerConsumer spending at small restaurants slowed in June

H2 - July 4 2025 - "Political Insults, Big Beautiful Bill : Tax Cuts" "Big Beautiful Bill : No Tax on Tips ; Overtime" " is AI undumbing America, Kerri Lutz joins Ryan Rucker" " Can this AI teach children : Generation with vs without AI"

In this hour Howie takes calls on the passing of the Big Beautiful Bill and a lot of people are excited about No Tax On Tips.  Visit the Howie Carr Radio Network website to access columns, podcasts, and other exclusive content.

Don't miss the 4th of July sale! Visit http://cbdistillery.com and use code RUMBLE for up to 50% off! ————————— New Spring Wellness Center: https://nad.newspringwellnesscenter.com/andweknow 573-577-3400 Video: https://shorturl.at/zpHUK  ——— Protect your investments with And We Know http://andweknow.com/gold Or call 720-605-3900, Tell them “LT” sent you. ————————————————————— *Our AWK Website: https://www.andweknow.com/ *Our 24/7 NEWS SITE: https://thepatriotlight.com/ ————————— President Trump says “Too Late” Fed Chair Jerome Powell should resign immediately. https://x.com/andweknow/status/1940540976319418448 20 Democrat-run states are SUING the Trump admin for giving Medicaid data to DHS to ensure illegals are NOT receiving taxpayer funded healthcare https://x.com/andweknow/status/1940472716542480691 JUST IN: Tom Homan drops the mic when a reporter said “there is widespread fear”  https://x.com/andweknow/status/1940445933231382647 AOC says No Tax on Tips is a scam https://x.com/andweknow/status/1940440244781973974 BREAKING: US Federal Housing Chair Bill @Pulte calls for Congress to INVESTIGATE Jerome Powell https://x.com/andweknow/status/1940439804665291204 Sean “Diddy” Combs has been found guilty on 2 of the 5 charges in his sex trafficking trial. https://x.com/bennyjohnson/status/1940416208563781742 U.S. Attorney Alina Habba held a press conference to announce 18 arrests, and 24 defendants charged with narcotics and firearm offenses https://x.com/USAO_NJ/status/1940421499795738863 ————————— *DONATIONS SITE: https://bit.ly/2Lgdrh5 *Mail your gift to: And We Know 30650 Rancho California Rd STE D406-123 (or D406-126) Temecula, CA 92591 ➜ AWK Shirts and gifts: https://shop.andweknow.com/ ➜ Audio Bible https://www.biblegateway.com/audio/mclean/kjv/1John.3.16 Connect with us in the following ways:

The House of Representatives could vote as soon as today on President Donald Trump's big tax and spending bill. Trump says the legislation gets rid of taxes on Social Security benefits, but it's not quite that simple. We'll unpack. Then, we'll discuss this morning's surprisingly weak private payroll data. And, we'll travel to London ahead of the city's Pride festival, which has been hit by declining corporate sponsorship.

The House of Representatives could vote as soon as today on President Donald Trump's big tax and spending bill. Trump says the legislation gets rid of taxes on Social Security benefits, but it's not quite that simple. We'll unpack. Then, we'll discuss this morning's surprisingly weak private payroll data. And, we'll travel to London ahead of the city's Pride festival, which has been hit by declining corporate sponsorship.

2 - Diddy looks like he's going to get off relatively unscathed in the sex trafficking case against him. Why is it so important that justice is served in this case? Dom makes his argument citing other cases, such as the Bryan Kohberger and Christopher Fitzgerald cases, that bring no peace or justice to the victims' families. 210 - Why are the Democrats so against “No Tax on Tips” when it's a wildly popular idea? 215 - Dom's Money Melody! 220 - Your calls. 225 - What book has Dom's eye? 235 - Is Trump on the phone trying to get the BBB passed before Friday? 240 - Pam Bondi has raised the stakes with the Jeffrey Epstein case. Will it be another dud like the previous announcements? 250 - The Lightning Round!

12 - Dom kicks off today with the biggest topics of the day, including Trump, the Big Beautiful Bill, and the DC33 strike. 1215 - Side - all time religious media member 1230 - New Jersey Gubernatorial Candidate Jack Ciattarelli joins the program. Is the job done or is work just getting started? What are the executive orders Jack will sign in to law if elected? What kind of homegrown advantage does Jack hold over his opponent, Mikie Sherrill? As UPenn apologizes to their athletes for allowing Lia Thomas to race alongside them, will candidates and politicians like Mikie Sherrill finally get that the general public that sports should be sex-oriented? As a businessperson, what can Jack do to get the economy rolling in The Garden State again? How can we combat anti-semitism? 1250 - Your calls to finish the hour. 1 - Ohio congressman speaks with Dom regarding the Big Beautiful Bill, Big Pharma, COVID investigations, and the transgender athlete issue. Will there be a BBB vote tomorrow? 110 - Is Trump working OT today to get his bill through? Elizabeth Warren cried in her car over the Big Beautiful Bill making it to the next stage of legislation and posted it on the internet. 115 - Why doesn't Philadelphia own the Fourth of July? 120 - Who is at the top of the 4th of July rankings? Who beats Philadelphia? Your calls. 130 - PA State Representative Martina White joins us today. How big of a win is it for society on the UPenn ruling that bans trans athletes from sports and that they have to apologize to their athletes? What are Martina and state Republicans looking to pass in our legislation that might just make it to the governor's desk? What is Martina looking at with the upcoming Pa governor's race? Will the trash issue be resolved soon? 150 - We get Kirk's side answer. Your calls. 2 - Diddy looks like he's going to get off relatively unscathed in the sex trafficking case against him. Why is it so important that justice is served in this case? Dom makes his argument citing other cases, such as the Bryan Kohberger and Christopher Fitzgerald cases, that bring no peace or justice to the victims' families. 210 - Why are the Democrats so against “No Tax on Tips” when it's a wildly popular idea? 215 - Dom's Money Melody! 220 - Your calls. 225 - What book has Dom's eye? 235 - Is Trump on the phone trying to get the BBB passed before Friday? 240 - Pam Bondi has raised the stakes with the Jeffrey Epstein case. Will it be another dud like the previous announcements? 250 - The Lightning Round!

The elimination of taxes on tips is closer to becoming reality.   McDonald's launched the first of what could be many new desserts to come. And Americans are cutting back on spending - way back.

Annie and Roger break down the political maneuvering around the "big beautiful bill" extending the Tax Cuts and Jobs Act, explaining why seemingly simple provisions like no tax on tips and overtime could create major headaches for the 2026 filing season. They examine proposed IRS budget cuts of 37% and workforce reductions of 20% at the same time new tax complexities are being added. The hosts also celebrate the success of the 2025 filing season while questioning whether similar results are possible given the challenges ahead, including new Commissioner Billy Long's appointment and the ongoing uncertainty about when and what form the final legislation will take.SponsorsPadgett -  Contact Padgett or Email Jeff Phillips(00:00) - Welcome to Federal Tax Updates (02:14) - The Big Beautiful Bill: An Overview (02:37) - Republican and Democrat Perspectives (04:04) - Understanding Cuts and Dynamic Scoring (06:10) - Medicare and Eligibility Changes (08:23) - State and Local Tax Deduction Debate (11:13) - House vs. Senate: Political Dynamics (17:24) - New Proposals: Tips, Overtime, and More (29:16) - Temporary Tax Law and Its Implications (33:55) - Challenges with No Tax on Overtime (39:34) - Successful 2025 Filing Season Recap (44:45) - Proposed Budget Cuts and Their Impact (51:44) - New IRS Leadership and Future Outlook (56:43) - Conclusion and Future Updates Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CE for listening to this episode.Connect with the Roger and Annie on LinkedInhttps://www.linkedin.com/in/rogerharrispbs/https://www.linkedin.com/in/annie-schwab-852418261/ReviewLeave a review on Apple Podcasts or PodchaserSubscribeSubscribe to the Federal Tax Updates podcast in your favorite podcast app!This podcast is a production of the Earmark Media

Pat has been invited onto a podcast? 16-year buildup on the Iran attack by the U.S. military? Are your roads as bad as the roads around Dallas-Fort Worth? Defense Secretary Pete Hegseth goes off on the press. Was enriched uranium moved out of nuclear facilities before strikes? 300,000 immigrant children missing courtesy of the Biden administration. There's no crying in baseball! Gen Z has some demands for employers. The origin story for "No Tax on Tips." Another boys' soccer team beats a women's national team. Jamaal Bowman is a sad, bitter man. Remember Rush Limbaugh's words of wisdom on immigration. Zohran Mamdani would be terrifying as mayor of New York City. North Korea opens a resort! 00:00 Pat Gray UNLEASHED 00:45 Pat's Podcast Invite Scam 05:48 General Caine Discusses Attack on Iran 13:08 Pete Hegseth Rips the Press 18:14 Karoline Leavitt Calls Out Natasha Bertrand 23:59 RFK Jr. on the Missing Children that Crossed the Border 26:19 Rebecca Balint Accuses ICE of Kidnapping Children 31:58 Fat Five 50:54 Tom Homan on the 'Big Beautiful Bill' 52:52 Trump Explains the Origin of "No Tax on Tips" 59:49 Houston Highway Woman 1:07:22 Jamal Bowman says Black Health is Terrible because of Racism 1:09:37 The "Limbaugh Laws" 1:12:22 More Controversial Takes from Zohran Mamdani 1:32:10 New North Korea Resort Learn more about your ad choices. Visit megaphone.fm/adchoices

1 - Why are Republicans so afraid of slashing parts of Medicaid? 105 - The Presidential debate between Trump and Biden was one year ago today. Just how bad was Biden in that? 110 - Returning to the New York mayoral race. 115 - Dom discusses the legalities around birthright citizenship and the Democrats battle to save it. Gavin Newsome is suing Jesse Watters and Fox News for that Dominion money! 120 - Your calls. Trump or Reagan? 135 - Where do we stand with “No Tax on Tips”? Why are people opposed to it? How will The House reconcile before July 4th? 150 - What's with this new Trump hat?

12 - Dom kicks Friday off with the rhetoric from Mamdani as he looks to win the mayoral race in NYC. We play clips as Dom reacts. 1210 - Side - beach smells 1215 - Why shouldn't Trump run for a third presidential term? 1230 - Moms4Liberty Founder Tiffany Justice joins the program today to react to the SCOTUS ruling that parents can have their kids opt out of sex-ed featuring LGBTQ+ material. Will this lead to a possibility of more school choice? What is the “bird rule”? What is Tiffany's opinion on the Congressman holding up on cutting Medicaid for out of work adult males? 1240 - Why is Pete Hegseth not acknowledging the lady pilots involved in the Iran bombing? 1250 - Your calls. Why is Dom rooting for Mamdani to win the NYC mayor race? 1 - Why are Republicans so afraid of slashing parts of Medicaid? 105 - The Presidential debate between Trump and Biden was one year ago today. Just how bad was Biden in that? 110 - Returning to the New York mayoral race. 115 - Dom discusses the legalities around birthright citizenship and the Democrats battle to save it. Gavin Newsome is suing Jesse Watters and Fox News for that Dominion money! 120 - Your calls. Trump or Reagan? 135 - Where do we stand with “No Tax on Tips”? Why are people opposed to it? How will The House reconcile before July 4th? 150 - What's with this new Trump hat? 2 - NJ State Senator Holly Schepisi joins the program. How damaging is Mikie Sherrill's idea to piggyback off of Mamdani's radical left ideas? “Homina, homina, homina, homina” is all these radical left candidates have when pressed on their ideas. What does Holly think about the SCOTUS ruling regarding sex-ed in public schools? 215 - Dom's Money Melody! 220 - Who's egging on Democrats to lower the drinking age? Will Curtis Sliwa pull the upset and win the Mayor's race in NYC? 225 - Dom reminisces on his time on Newsmax yesterday. 235 - Stop trying to get Curtis Sliwa out of the mayor's race! Your calls. 250 - The Lightning Round!

Charlie takes an hour of questions live from CK Exclusives subscribers, including: -Does Charlie think any part of the Elon/Trump feud was staged? -What in the Big Beautiful Bill for America's millions of truck drivers? -What is the goal of retirement, and should you want it? Become an Exclusives subscriber and ask Charlie a question on-air by going to members.charliekirk.com. Watch every episode ad-free on members.charliekirk.com! Get new merch at charliekirkstore.com!Support the show: http://www.charliekirk.com/supportSee omnystudio.com/listener for privacy information.

Horrific Murder in Washington, D.C.: A tragic double homicide near the Israeli embassy involving two Jewish victims, Sarah Milgram and Jerone Leshinsky, allegedly targeted due to antisemitic hatred. The suspect, Elias Rodriguez, is described as a radical leftist who shouted pro-Palestinian slogans during the attack. The discussion expands into the rise of antisemitism on college campuses and the broader societal implications. No Tax on Tips Legislation: Senator Cruz celebrates the unanimous Senate passage (100–0) of his bill to eliminate federal taxes on tips. The bill, inspired by a conversation Donald Trump had with a waitress, is framed as a win for blue-collar workers and a bipartisan success. Take It Down Act Signed into Law: President Trump signs into law the Take It Down Act, co-authored by Cruz and Senator Amy Klobuchar. The law criminalizes the distribution of non-consensual explicit images, including AI-generated deepfakes, and mandates tech platforms to remove such content upon request. The story of Elliston Barry, a teenage victim of deepfake abuse, is highlighted as a catalyst for the legislation. The Last Rodeo Movie Preview: Actor Neil McDonough joins to promote his new faith-based, family-friendly film The Last Rodeo. The film tells the story of a retired bull rider who returns to the sport to save his grandson. McDonough discusses the film’s themes of faith, family, and perseverance, and shares behind-the-scenes stories, including casting his real-life wife and sustaining injuries during filming. Please Hit Subscribe to this podcast Right Now. Also Please Subscribe to the 47 Morning Update with Ben Ferguson and the Ben Ferguson Show Podcast Wherever You get You're Podcasts. Thanks for Listening #seanhannity #hannity #marklevin #levin #charliekirk #megynkelly #tucker #tuckercarlson #glennbeck #benshapiro #shapiro #trump #sexton #bucksexton#rushlimbaugh #limbaugh #whitehouse #senate #congress #thehouse #democrats #republicans #conservative #senator #congressman #congressmen #congresswoman #capitol #president #vicepresident #POTUS #presidentoftheunitedstatesofamerica #SCOTUS #Supremecourt #DonaldTrump #PresidentDonaldTrump #DT #TedCruz #Benferguson #Verdict #justicecorrupted #UnwokeHowtoDefeatCulturalMarxisminAmericaYouTube: https://www.youtube.com/@VerdictwithTedCruzSee omnystudio.com/listener for privacy information.