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Tax law just got a glow-up, and if you’re a business owner, investor, or anyone who files a return (so, yeah, basically everyone), you’re going to want to pay attention.
In this episode of Wealth Wisdom, we break down what everyone’s calling the “One Big Beautiful Bill”—Trump’s latest tax reform that’s packed with changes affecting your deductions, depreciation, and dollars.
We dig into:
💸 The return of 100% bonus depreciation, what it means and how to actually use it
🏡 Opportunity Zones 2.0: why this could be huge for real estate investors
🧾 SALT deduction cap jumps from $10K to $40K (yup, four times bigger)
👶 The new “Trump Accounts” for kids are they a smart savings tool or just a political flash?
🚙 The truth about writing off that SUV (spoiler: it’s not as easy as Instagram says)
Before we dive into the bill, we hit this week’s headlines:
📈 The Fed holds steady (again), but inflation isn’t done yet
🇪🇺 Trump signs a trade deal with the EU—plus rebate check rumors??
📉 Amazon stock drops post-earnings while Meta and Microsoft crush it
💰 Bezos sells $5.7B in shares—smart tax move or prepping for Mars?
And to wrap it all up, we spotlight one of our portfolio names: TJX Companies (aka TJ Maxx, Marshalls, HomeGoods). We’re up nearly 90% on it, and there’s a reason why. From “the treasure hunt” shopping model to weathering online retail and inflation, TJX continues to prove it's more than just a bargain bin play.
Let us know what you want to hear next week, polls are up on Spotify, and our inbox is always open. And as always, if you got value from the episode, be a friend and share it with one.
Wealth Wisdom aims to give you the insights and tools to navigate financial trends with confidence. Through conversations like these, we strive to make complex financial topics more accessible and actionable for everyone.
Join us on this journey as we explore the many facets of financial growth and well-being. Remember to subscribe and stay connected for more valuable perspectives from Fox Hill Wealth Management.
At Fox Hill Wealth Management, we believe wealth is about more than just money - it’s about financial freedom, confidence, and security. As a fee-only, fiduciary Registered Investment Advisor (RIA), we provide unbiased, expert financial guidance with your best interests at heart.
DISCLAIMER: This content is for educational and informational purposes only and should not be construed as investment, tax, or legal advice. Past market performance is not a guarantee of future results. Always consult with a financial professional before making investment decisions.
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Timestamps:
00:00 Introduction and Casual Banter
01:53 Big Beautiful Bill: A Deeper Dive
02:44 Rapid Fire News: Trade Deals and Tariffs
04:30 Stock Market Highlights: Earnings and Investments
07:10 Federal Reserve and Economic Insights
09:41 Housing Market and Home Prices
11:44 Amazon and Big Tech Earnings
19:51 Reconciliation Bill: Tax Changes and Business Impacts
26:33 Common Misconceptions About Vehicle Deductions
27:04 IRS Requirements for Business Vehicle Use
27:38 Audit Red Flags and Deductible Expenses
29:16 Bonus Depreciation and Real Estate Incentives
30:59 New Tax Incentives for Energy Production
31:59 Trump Accounts for Kids
34:34 Pass-Through Business Income Deductions
38:02 Qualified Opportunity Zones and Real Estate
40:13 Clean Energy and Tax Incentives
44:46 Stock Analysis: TJX Companies
51:21 Closing Remarks and Upcoming Topics
#SALTdeduction #TrumpAccountForKids #BonusDepreciation #OpportunityZones #RealEstateTax #AmazonStock #Bezos #TJXCompanies #InterestRates #TaxReform2025 #WealthWisdom #FoxHillWealthManagement