🚨IMPORTANT: 529 plans just became more powerful under the new tax bill.

If you have kids (or plan to), you need to know these changes.

Here's what's different: 529 plans are accounts that help pay for education in tax benefical way:

1. Tax free growth
2. Tax free withdrawals for education
3. Some states offer a tax deduction for contributing

The new tax bill expands many parts of it...

🚨BREAKING: The IRS clarified how a $10,000 car interest write off actually works.

If you have a car, you need to know this to lower your tax bill in 2025.

Here's how it works (and who actually qualifies): Effective for 2025 through 2028, interest paid on a *qualified* passenger vehicle is tax deductible in 2025.

Qualified vehicle includes cars, minivans, vans, SUVs, pickup trucks, and motorcycles that were assembled in the US.

If you win the $1.6 BILLION Powerball jackpot (4th largest EVER), here are 8 things to do immediately:

1. DO NOT declare yourself the winner YET. Do this first before claiming... 2. Hire an attorney

You will receive a generational amount of cash and you need to get a "Trust and Estate" attorney from a national firm.

Don't use any firms that have connections to your friends/family.

🚨 BREAKING: New IRS guidance explains exactly how Trump Account works.

If you have kids, you must understand these rules.

Here are all the details: The IRS recently posted Notice 2025-68 to clarify how Trump accounts work, so let me explain:

A Trump account is a traditional IRA account created for the exclusive benefit of an eligible individual is designated as a Trump account.

So, who is an elgibile individual?

🚨BREAKING: The IRS just explained exactly how you can deduct car loan interest on your taxes.

Here's what it means for you: As part of the OB3 Act, the interest paid on a qualified passenger vehicle is tax deductible starting in 2025.

A qualified passenger vehicle includes cars, minivans, vans, SUVs, pickup trucks, and motorcycles that were assembled in the United States.

🚨BREAKING: The IRS just announced the inflation adjustments for tax year 2026.

Here's what you need to know (and how it affects your taxes): 1. Standard Deduction

In 2025, the standard deduction for a single taxpayer is $15,750 ($31,500 for married filing jointly)

In 2026, the standard deduction is increasing by $350: $16,100 (single), $32,200 (mfj)

The average homeowner has over $300,000 of equity.

But selling often could trigger a massive tax bill.

This is why you must track improvements (almost no one does!)

Here's all you need to know: If you sell your primary home, you may be able to exclude up to $250,000 (or $500,000 for married filing jointly) of the gain from taxes if you meet the ownership and residence tests.

But it's not uncommon to see homes that appreciated way over the limit in the last 10 years.

You could make $100,000/year and pay $0 in taxes.

This is because the tax code is created for investors, not regular workers.

Here's how it works (and how you could live tax-free): As a W-2 worker, you're paying a lot of taxes:

> 6.2% SS tax
> 1.45% Medicare tax
> 0.9% Additional Medicare tax (if over $200k/$250k (married) income limit)
> Federal income tax (up to 37%)
> State and local tax

The IRS has a rule that can wipe out taxes on investment gains overnight.

Here's how the step-up in basis can save your family thousands of dollars of taxes: One of the biggest mistakes many people do before passing away - they gift assets to their children.

John gifted his son a $1M home in California.

Once his son sold this property, he paid close to $200,000 of taxes that could've been avoided...

HSA hack most people miss:

Never use your HSA card to pay for medical bills. Invest instead.

Here's why it's one of the smartest tax strategies out there: If you're unfamiliar, HSA provides a triple benefit:

> tax deduction
> tax free growth >
tax free withdrawal for medical cost

It's also exempt from FICA taxes if contributed through employer's payroll.

🚨BREAKING: Treasury just released the list of jobs that qualify for the new "no tax on tips"

Here are all the details: As part of the new bill for 2025 through 2028, workers can deduct up to $25,000 of qualified tips received in occupations that are listed by Treasury.

Deduction phases out for taxpayers with modified adjusted gross income over $150,000 (single) or $300,000 (joint)

If you win the $1.3 BILLION Powerball jackpot (5th largest), here are 8 things to do right away:

1. Do NOT declare yourself the winner YET. Do this first... 2. Hire an attorney.

You will receive a generational amount of money and you need to get a "Trust and Estate" partner from a large, national firm.

Do not use any firm that has any connection to family or friends or community.

The new tax bill made many changes for tax year 2025.

Here's everything that's changing (and how it impacts your paycheck): The new tax bill made many changes to the tax code.

But a lot of the provisions actually are applied retrospectively and will impact your 2025 taxes.

Here are the main changes:

My co-worker recently retired at 50.

Here’s the exact tax free withdrawal strategy he's using to fund his early retirement: The company he retired from had pretty great perks like a 100% 401(k) match on 6% of salaryand ESPP.

But here's the thing - most tax advantaged accounts lock up your money until retirement.

So, how can he use them to retire early?

Hiring your child can save you a lot in taxes.

But 99% of "gurus" won't tell you how to do it legit.

Here's how it actually works: Why should you hire your child?

3 benefits:
1. Their salary is a business expense
2. Depending on the amount, your child could pay $0 in federal taxes
3. Ability to contribute to a Roth IRA

2 in 5 Americans will inherit money.

Sadly, most will just waste it by buying useless things.

Here's a smarter framework to follow: First, make sure to bookmark the post above and send it to a friend.

Now, most inheritances are around the $50,000 mark.

So, what do you do with it?

A lot of it depends on your goals and circumstances, but here's what I would do...

"How would you invest $5,000?"

Most people get it completely wrong.

Here’s the exact step by step plan to maximize this money: First and foremost, you should NOT invest any money that you will need within the next 3 years.

Keep this $5,000 as emergency funds or savings for big purchases (if applicable).

Otherwise, here's how to invest it:

"How do you rebalance your portfolio without triggering a massive tax bill?"

Most people do it the wrong way, especially if they are selling stocks or adjusting portfolio allocations.

Let me explain how to do it right: 1. Tax advantaged accounts

The first way to think about rebalancing is through tax advantageous accounts (like 401ks, traditional IRAs, Roth IRAs, HSAs, etc)

The idea is simple - you avoid creating any taxable events in these accounts.

IRS audits 500,000+ tax returns every year.

But how do they select who to audit? By using algorithms.

Here's how they decide (and how you can protect yourself): First, make sure to bookmark the above post and share it with a friend (it will help them)

Let's get into it...

When you file your tax return, the IRS first checks that your SSN and name match their records.

Treasury bills are more tax efficient than savings accounts or CDs.

Yet 99% don't know much about them.

Here’s why they are the best place for your cash: Treasury Bills (T-Bills) are short term debt securities backed by the U.S. government.

They come in maturities of 4, 8, 13, 17, 26 and 52 weeks.

T-Bills are sold at a discount and pay you their full face value at maturity. The difference is your interest.

Vanguard Money Market Fund pays 4.22% interest on your cash savings with state tax savings.

But 99% of people don't understand the risk or how they work.

Here's an in depth thread on MMFs: Money Market Funds are mutual funds that try to keep their share price at $1.

The funds investment money in short term, low risk products like treasuries, bonds, and various governement obligations.