The Rich Somers Report The One Big Beautiful Bill: How the Biggest Tax Cuts in History Affect You | Amanda Han E373
Jul 17, 2025
Amanda Han, a tax strategist at Keystone CPA, shares her expertise on the sweeping new tax changes now in effect. She explains how the recent tax cuts benefit everyone, from gig economy workers to real estate investors. Listeners learn about 100% bonus depreciation, tax-free overtime income, and potential write-offs for luxury vehicles. Han also offers creative strategies like retiring a spouse to save big and setting up a "Trump Account" for kids to build generational wealth. It’s a must-listen for anyone looking to optimize their tax strategy!
AI Snips
Chapters
Transcript
Episode notes
100% Bonus Depreciation Returns
- The One Big Beautiful Bill restored 100% bonus depreciation for assets placed in service after January 19th.
- This change more than doubles tax savings for real estate investors and business owners compared to previous limits.
Maximize Section 179 Benefits
- Use Code Section 179 to immediately expense eligible business assets like large vehicles and machinery.
- Combine Section 179 and bonus depreciation strategically to maximize your tax savings without going below zero taxable income.
Write Off Business Vehicles Properly
- To fully write off a $250,000 G-Wagon or similar vehicle, prove it is used 100% for business with proper documentation.
- Hold business assets for a few years to minimize recapture taxes when selling the asset later.