Podcast Episodes
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[Tax] 30, Deduction Clustering
Strategy to maximize deductions by alternating between itemized and standard deductions annually. --
The CFP Exam is known for its difficulty, and as …
11 months, 3 weeks ago
[Tax] 28, Gross Income Exclusions
Includes gifts, inheritances, life insurance proceeds, and certain employee benefits. --
The CFP Exam is known for its difficulty, and as I embark on …
11 months, 3 weeks ago
[Tax] 29, Charitable Contributions
Deduction limits based on AGI and type of property donated; carryover allowed for excess contributions. --
The CFP Exam is known for its difficulty, a…
11 months, 3 weeks ago
[Tax] 27, Gross Income Inclusions
Includes compensation, business income, interest, dividends, and certain fringe benefits. --
The CFP Exam is known for its difficulty, and as I embark…
11 months, 3 weeks ago
[Tax] 26, Below Market Loans
Imputed interest rules apply; exceptions for loans under $10,000 or with low net investment income. --
The CFP Exam is known for its difficulty, and a…
11 months, 3 weeks ago
[Tax] 21, Kiddie Tax
Unearned income over $2,600 taxed at parent's rate; applies to dependents under 19 or full-time students under 24. --
The CFP Exam is known for its di…
11 months, 3 weeks ago
[Tax] 24, Pass-Through Entity Deductions
20% deduction on qualified business income; subject to income thresholds and limitations. --
The CFP Exam is known for its difficulty, and as I embark…
11 months, 3 weeks ago
[Tax] 25, Section 179 Deduction
Immediate expensing of up to $1,220,000 of business property; reduced by property exceeding $3,050,000. --
The CFP Exam is known for its difficulty, a…
11 months, 3 weeks ago
[Tax] 23, Hobby Losses
Income must be reported; expenses not deductible if activity lacks profit motive. --
The CFP Exam is known for its difficulty, and as I embark on this…
11 months, 3 weeks ago
[Tax] 22, Alternative Minimum Tax (AMT)
Ensures minimum tax payment; adjustments and preferences increase taxable income. --
The CFP Exam is known for its difficulty, and as I embark on this…
11 months, 3 weeks ago