How Trump's TAX Plan Impacts YOU

Trump's Tax Proposals: What You Need to Know in 2024

In this video, I break down Donald Trump's tax proposals and explain how they could impact your wallet. From making the 2018 Trump Tax Cuts permanent to new ideas like no tax on tips and overtime. Whether you're a small business owner, a parent, or a retiree, understanding these proposals will help you stay informed.

Topics Covered:

- Making the Trump Tax Cuts permanent: What happens if they expire?
- Changes to the standard deduction and tax brackets.
- The Child Tax Credit increase and what it means for families.
- The Qualified Business Income Deduction for small businesses.
- Impact of proposed changes to the State and Local Tax Deduction (SALT).
- The future of bonus depreciation for business owners.
- How tariffs could fund tax cuts and what it means for the economy.

Learn how these tax proposals could affect your personal taxes, business, and future planning.

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