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[@money_cruncher](/creator/twitter/money_cruncher)
"1. Qualified Business Income (QBI) deduction The new tax law permanently extended the XX% deduction for business owners effective 2026. As a reminder this deduction was going to expire in 2026 but it was extended under the new law"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1945472881502146715) 2025-07-16 13:17:34 UTC 139.3K followers, 19.6K engagements
"6. Business interest & R&D The bill also permanently reinstates the EBITDA limitation on business interest deductions which will help businesses deduct more business interest. It also brings back immediate expensing for research and development (R&D) expenses"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1945472902079344714) 2025-07-16 13:17:39 UTC 139.4K followers, 12.6K engagements
"🚨Trump just signed a $XXX TRILLION tax cut into law. I reviewed every page so you dont have to. Heres exactly how it will impact your taxes:"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1941277420323213718) 2025-07-04 23:26:18 UTC 139.4K followers, 1M engagements
"My savings account pays me XXXX% interest. What are my options X. Treasury bill ladder: XXXX% X. Vanguard money market funds: XXXX% X. HYSA (CIT bank CIBC Capital One Ally etc): 3.5%-4.0% I personally use Vanguards MMF. Where do you keep your savings"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1940397830398701669) 2025-07-02 13:11:08 UTC 139.4K followers, 80.9K engagements
"You also might know that the maximum deduction you can take depends on the type of donation. Stocks = max XX% of AGI Cash = max XX% of AGI If a charitable deduction exceeds the above AGI limits then the XXX% AGI floor is carried over"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1946928142527934870) 2025-07-20 13:40:16 UTC 139.4K followers, 5393 engagements
"Theres a guy whos been DMing me for X months sharing unsolicited stocks tips. Apr 28: Meta (up XX% since) May 4: Palantir (up XX% since) May 15: Crispr (up XX% since) He just sent me his latest pick yesterday 🤔😂"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1946731770688205283) 2025-07-20 00:39:57 UTC 139.4K followers, 51.4K engagements
"2 main methods real estate investors use to "convert" passive losses into non-passive: X. Short term rental strategy X. Real estate professional status Let me explain"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1946195824653795509) 2025-07-18 13:10:17 UTC 139.4K followers, 46.5K engagements
"5. Tips deduction If you are a W-2 employee who earns tips and your gross income is under $150000 (single) or $300000 (married jointly) you can claim a maximum $25000 deduction for tipped income. E.g any credit card tips reported on your W-2 can be deducted"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1947645879160111218) 2025-07-22 13:12:17 UTC 139.4K followers, 5533 engagements
"3. Qualified Small Business Stock (QSBS) If want to sell your business you've probably heard of QSBS. It allows you to sell your business and pay X% capital gains tax on up to $10M in gains for C-corp stock if held for X years and assets $50M"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1945472892726100409) 2025-07-16 13:17:37 UTC 139.4K followers, 11.2K engagements
"So John was able to save about $XXX on federal taxes due to the new deduction since his MAGI was under $75000 (typically line XX for most ppl) If married and both are over XX the standard deduction will be $33100 and the senior deduction will be $12000"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1947285055820181788) 2025-07-21 13:18:30 UTC 139.4K followers, 7338 engagements
"If you are age XX and just started drawing SS this deduction WILL NOT apply to you. In contrast if you are age XX and still dont take Social Security you WILL get the deduction. The new deduction has nothing to do with Social Security but it MIGHT impact your tax bill"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1947285038065733770) 2025-07-21 13:18:26 UTC 139.4K followers, 5673 engagements
"BREAKING: Vanguard just released X ETFs that can replace your high yield savings account. Here's everything you need to know about it:"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1890190210924978620) 2025-02-14 00:03:58 UTC 139.4K followers, 1.1M engagements
"1. Short-term rental If the average customer stay is less than X days (e.g Airbnb) and you materially participate in the rental business for at least XXX hours (and more than anyone else) these losses can be taken against your active income"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1946195826809655327) 2025-07-18 13:10:18 UTC 139.4K followers, 41.9K engagements
"🚨New tax bill just quadrupled SALT cap from $10000 to $40000 starting in 2025. With the right "bunching" strategy you could save thousands in taxes. Here's how to make it work for you:"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1944746269269803423) 2025-07-14 13:10:16 UTC 139.4K followers, 275.2K engagements
"8. No tax on overtime A new $12500 deduction (single) or $25000 (married jointly) is created for overtime effective from 2025 through 2028. The deduction is reduced by $XXX for each $1000 by which your gross income exceeds $150000 (single) or $300000 (married)"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1941277436265840928) 2025-07-04 23:26:22 UTC 139.4K followers, 76.8K engagements
"In addition the 1099-K form limit (for apps like eBay Uber PayPal Venmo etc) is increasing from a $XXX threshold to $20000 AND XXX transactions. This is a big change to reduce the administrative (not taxability) impact on business owners and side gigs"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1945472889467077010) 2025-07-16 13:17:36 UTC 139.4K followers, 12.5K engagements
"This means that $XXX more of income will be taxed at XX% and $1000 at XX% resulting in $150-200 of federal tax savings in 2026. So a slight tax relief for not just W-2 workers but any taxpayer due to broader rate brackets"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1947645864064737400) 2025-07-22 13:12:14 UTC 139.4K followers, 7771 engagements
""I have $20k to invest. Should I invest it all at once or cost average" Research shows that lump sum outperforms cost averaging XX% of the time (Finlay and Zorn paper) BUT for a risk-averse investor with significant loss aversion it may be better to cost average. In any case either is better than sitting on cash"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1937580027329048800) 2025-06-24 18:34:11 UTC 139.4K followers, 57.6K engagements
"70414 of the OBBBA expands XXX plan eligibility to cover: Tuition fees and books for enrolling in a postsecondary credentials Exam fees needed to obtain/maintain the credential Continuing education fees This would allow XXX plans to cover fees related to CFPs or CPAs"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1946564070284329272) 2025-07-19 13:33:34 UTC 139.4K followers, 5731 engagements
"You could legally pay $X in federal taxes even on $300000 of W-2 income. And the new tax bill just made it a lot easier. Here's how to take advantage of this:"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1946195814730100996) 2025-07-18 13:10:15 UTC 139.4K followers, 728.6K engagements
"If you're a W-2 worker the new tax bill could put a little extra cash back in your pocket. Here's everything that's changing (and how it impacts your paycheck):"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1947645856095854865) 2025-07-22 13:12:12 UTC 139.4K followers, 114.1K engagements
"We have access to the data comparing 2017 vs 2018: $30000 - $49999 of AGI: XXX% average tax rate (income tax as percentage of AGI) decreased to XXX% (1.0pp) $50000 - $99999: XXX% decreased to XXX% (1.4pp) $100000 - $199999: XXXX% decreased to XXXX% (1.5pp)"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1945100322722005020) 2025-07-15 12:37:09 UTC 139.3K followers, 6847 engagements
"If you have portfolio income it also increases your MAGI including: X. Dividend income (especially from REITs) X. Taxable interest X. Capital gains Here are some potential moves related to that:"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1948010337220878439) 2025-07-23 13:20:31 UTC 139.4K followers, 2256 engagements
"9. Car loans There will be a $10k deduction on car loan interest effective from 2025-2028. The deduction will be reduced by $XXX for each $1000 by which your gross income exceeds $100k (or $200k if married). The final assembly of the car must be within the US to qualify"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1941277438283309110) 2025-07-04 23:26:23 UTC 139.4K followers, 79.2K engagements
"6. Overtime If you are a non-exempt W-2 employee who receives overtime pay and earns under $150K/$300K MAGI (single/joint) you can get up to a $12500/$25000 (single/joint) deduction. If base rate = $20/hr and overtime = $30/hr then $10/hr * OT hours is deductible"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1947645881571766529) 2025-07-22 13:12:18 UTC 139.4K followers, 5216 engagements
"Here's how his tax return will likely look: Standard deduction: $15750 + $2000 (age XX or blind) = $17750 Senior deduction: $6000 Taxable income: $21250"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1947285053534298217) 2025-07-21 13:18:30 UTC 139.4K followers, 3212 engagements
"There is a lot of misinformation and confusion about the "no tax on overtime" Let me break it down exactly how it works (with real examples and tax impacts):"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1941849282102829206) 2025-07-06 13:18:41 UTC 139.4K followers, 152.1K engagements
"Tax move #4: John received an inheritance and wants to donate to an organization that is deeply close to his heart. His AGI is $150000 and he donates $50000 in stocks. XXX% floor = $XXX Allowed donation deduction = $50000 - $XXX = $49250"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1946928144625041894) 2025-07-20 13:40:16 UTC 139.4K followers, 4777 engagements
"He is expecting to sell it for $500000. This means that John would be in a XX% rate. John would be better off skipping the 2025 donation and donating an increased amount in 2026 even with the XXX% floor because of such a rapid growth in income (24% - 37%)"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1946928140430782650) 2025-07-20 13:40:15 UTC 139.4K followers, 5965 engagements
"Now let's discuss the *qualifying* auto loan. First the car must be new ("the original use of which commences with the taxpayer") It must also have at least two wheels be made for public road use and weigh under 14000 lbs. ATVs trailers and campers are not eligible"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1943297017490350519) 2025-07-10 13:11:28 UTC 139.4K followers, 24K engagements
"The new tax bill raises the SALT cap from $10000 to $40000. But for high earners it could come with a hidden SALT torpedo pushing your tax rate up to 45%. Let's walk through how it works:"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1948010317214052787) 2025-07-23 13:20:26 UTC 139.4K followers, 78.1K engagements
"If you have kids pay attention. The new tax bill significantly upgraded XXX savings plans. Here's everything that's changing:"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1944395247758307701) 2025-07-13 13:55:26 UTC 139.4K followers, 406.6K engagements
"Also there is no change to the $35000 rollover to Roth IRA option. This means a lot more education related expenses are now covered under a XXX plan with the ability to roll over unused funds. This could help with the common concern of overfunding a XXX plan"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1944395266162831570) 2025-07-13 13:55:31 UTC 139.4K followers, 27K engagements
"There is still so much confusion about the new "no tax on Social Security income" Its the most asked question I get about the tax bill. Here's the full breakdown (with examples):"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1947285034274054649) 2025-07-21 13:18:25 UTC 139.4K followers, 82.3K engagements
"Maximum deduction based on XX% AGI = $45000 ($150k * 30%) So the $49250 - $45000 = $4250 will be carried forward AND the $XXX floor for $5000 total. If you're near the AGI limit contributing more could "save" on the XXX% floor"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1946928146411888678) 2025-07-20 13:40:16 UTC 139.3K followers, 9577 engagements
"90% of Americans never got a tax break for donating to charity. The new tax bill completely overhauls charitable giving. X tax planning moves to make before the rules change:"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1946928121849983441) 2025-07-20 13:40:11 UTC 139.4K followers, 106.2K engagements
"The new tax bill has nothing to do with Social Security. The tax bill creates a new $6000 deduction for people who are age XX and older during the tax year. Quick example"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1947285035796586916) 2025-07-21 13:18:25 UTC 139.4K followers, 5805 engagements
"This is huge because many people didnt want to contribute to these plans saying "what if my child doesnt go to college" Well the postsecondary credentialing now includes many programs outside of traditional college or university"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1944395264304820733) 2025-07-13 13:55:30 UTC 139.4K followers, 22.8K engagements
"4. "Trump account" The new law creates a pilot program allowing parents to receive a $1000 credit which the U.S. government will deposit into a "Trump Account" on behalf of each eligible child (any U.S. citizen born in 2025 2026 or 2027)"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1946564072343851147) 2025-07-19 13:33:34 UTC 139.4K followers, 5360 engagements
"The new tax bill allows a maximum deduction of $10000 for auto loan interest. This means you can write off up to $10000 per year in interest paid on *qualifying* auto loans. But it comes with requirements"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1943297007495303415) 2025-07-10 13:11:25 UTC 139.4K followers, 26.4K engagements
"The new tax bill allows you to write off car loan interest. BUT only certain types of cars and loans qualify. Here's exactly how it works:"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1943297005985403380) 2025-07-10 13:11:25 UTC 139.4K followers, 316.8K engagements
"The new tax bill made a massive change: XXX% bonus depreciation for property placed in service after January XX 2025 instead of 40%. This allows for big tax savings for real estate investors"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1946195816495870373) 2025-07-18 13:10:15 UTC 139.4K followers, 70.6K engagements
"The new tax law made a lot of changes for business owners and side hustlers with many provisions going into effect retroactively to 2025. My goal is to cover them so you are informed on the impacts on your taxes"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1945472878754910219) 2025-07-16 13:17:34 UTC 139.3K followers, 15.2K engagements
"3. Itemized SALT cap SALT cap (state and local taxes) increases from $10k to $40k in 2025 (phased down for MAGI $500k-$600k). Also mortgage insurance premiums will be deductible again (starting in 2026)"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1947645866493284463) 2025-07-22 13:12:14 UTC 139.4K followers, 7606 engagements
"Say you are making $150000 of W-2 income. You pay $7500 of state taxes $6000 of property taxes $10000 of mortgage interest and $XXX of mortgage insurance premiums. Before the tax bill your total deductions would be $10000 (taxes cap) + $10000 = $20000 deduction"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1947645869303435292) 2025-07-22 13:12:15 UTC 139.4K followers, 7182 engagements
"I'm making a thread answering questions about the new tax bill Comment below if you have any questions 👇"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1946757289219657877) 2025-07-20 02:21:21 UTC 139.4K followers, 28.6K engagements
"Now when you sell this rental you will face a depreciation recapture. Here are X strategies to lower the impact: pass away and give the rentals to your children 1031 exchange direct indexing to do tax loss harvesting installment sales opportunity zones"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1946195833214349413) 2025-07-18 13:10:19 UTC 139.4K followers, 28.7K engagements
"2. Charitable contributions floor Section 70425 of OBBBA also created a floor on the deductions of charitable contributions equal to XXX% of Adjusted Gross Income (AGI) starting in 2026 if you itemize. Your charitable deduction is only allowed if it exceeds XXX% of your AGI"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1946928131475993085) 2025-07-20 13:40:13 UTC 139.4K followers, 8922 engagements
"If you have a business or a side gig pay attention. The new tax bill made a lot of changes to your taxes. Here's what it means for your wallet:"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1945472876238299408) 2025-07-16 13:17:33 UTC 139.3K followers, 253.9K engagements
"With the new tax bill you will be able to deduct the entire $13500 of taxes $10000 of mortgage interest and $XXX of mortgage insurance premiums. Deduction total = $24200. The delta between the old and new tax bill is roughly $XXX of tax savings in that situation"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1947645871560036518) 2025-07-22 13:12:15 UTC 139.4K followers, 6845 engagements
"@LeadingReport This just means that the sales tax will increase"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1941179436193415582) 2025-07-04 16:56:57 UTC 139.4K followers, 140.3K engagements
"Tax move #2: John makes $1000000 of AGI per year. He is itemizing his deductions in 2025. John donates $10000 per year to charity. John is in the XX% tax bracket. If John donates $10000 in 2025 he can take the entire $10000 deduction (since he is itemizing). BUT"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1946928133673746573) 2025-07-20 13:40:13 UTC 139.3K followers, 8305 engagements
"The new tax bill makes major changes to the child tax credit dependent care credit XXX plans and more. If you have kids (or plan to) you need to read this:"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1946564051380625430) 2025-07-19 13:33:29 UTC 139.4K followers, 88K engagements
"I love Vanguard funds. Heres why: Vanguards average ETF expense ratio is just 0.05%. The industry average ETF expense ratio is 0.22%. These costs compound over the long term and could cost thousands of dollars"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1940762367681614232) 2025-07-03 13:19:40 UTC 139.4K followers, 27.9K engagements
"$200k - $499k: XXXX% drop to XXXX% (2.6pp) $500k - $999k: XXXX% drop to XXXX% (2.2pp) $1M - $1.49M: XXXX% drop to XX% (1.6pp) $1.5M - $1.99M: XXXX% drop to XXXX% (1.4pp) $2M - $4.99M: XXXX% drop to XXXX% (1.2pp) $5M - $9.99M: XXXX% drop to XXXX% (1pp) $10M+: XXXX% drop to XXXX% (.8pp)"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1945100326303875576) 2025-07-15 12:37:10 UTC 139.3K followers, 6696 engagements
"People say "Trump tax bills gave tax cuts only to billionaires" I analyzed IRS data from 152.9M tax returns and the new tax bill to find out if that's true. Here's what you must know:"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1945100312198451286) 2025-07-15 12:37:07 UTC 139.4K followers, 80.7K engagements
"Should I use Vanguard or Fidelity for my investments Both are good options. Vanguard - low cost funds better money market funds Fidelity - better support UI cash management You can use Fidelity and buy Vanguard funds. Or use Vanguard if you need a higher yield MMF"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1939315684049052026) 2025-06-29 13:31:04 UTC 139.3K followers, 49.5K engagements
"Tax move #1: John wants to donate $1000 to charity in 2025. He is in a XX% rate. He is taking the standard deduction in 2025 & 2026. John would be better off waiting until 1/1/2026 to donate which will save him $XXX on taxes that year vs $X saved in 2025"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1946928129445970042) 2025-07-20 13:40:12 UTC 139.4K followers, 9077 engagements
"You can: shift bond income into retirement accounts minimize dividends by favoring growth stocks shift taxable interest into municipal bonds (which dont impact MAGI under the SALT cap rules) offset capital gains with losses"
 [@money_cruncher](/creator/x/money_cruncher) on [X](/post/tweet/1948010339163091126) 2025-07-23 13:20:31 UTC 139.4K followers, 5577 engagements
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
@money_cruncher
"1. Qualified Business Income (QBI) deduction The new tax law permanently extended the XX% deduction for business owners effective 2026. As a reminder this deduction was going to expire in 2026 but it was extended under the new law"
@money_cruncher on X 2025-07-16 13:17:34 UTC 139.3K followers, 19.6K engagements
"6. Business interest & R&D The bill also permanently reinstates the EBITDA limitation on business interest deductions which will help businesses deduct more business interest. It also brings back immediate expensing for research and development (R&D) expenses" @money_cruncher on X 2025-07-16 13:17:39 UTC 139.4K followers, 12.6K engagements
"🚨Trump just signed a $XXX TRILLION tax cut into law. I reviewed every page so you dont have to. Heres exactly how it will impact your taxes:" @money_cruncher on X 2025-07-04 23:26:18 UTC 139.4K followers, 1M engagements
"My savings account pays me XXXX% interest. What are my options X. Treasury bill ladder: XXXX% X. Vanguard money market funds: XXXX% X. HYSA (CIT bank CIBC Capital One Ally etc): 3.5%-4.0% I personally use Vanguards MMF. Where do you keep your savings" @money_cruncher on X 2025-07-02 13:11:08 UTC 139.4K followers, 80.9K engagements
"You also might know that the maximum deduction you can take depends on the type of donation. Stocks = max XX% of AGI Cash = max XX% of AGI If a charitable deduction exceeds the above AGI limits then the XXX% AGI floor is carried over" @money_cruncher on X 2025-07-20 13:40:16 UTC 139.4K followers, 5393 engagements
"Theres a guy whos been DMing me for X months sharing unsolicited stocks tips. Apr 28: Meta (up XX% since) May 4: Palantir (up XX% since) May 15: Crispr (up XX% since) He just sent me his latest pick yesterday 🤔😂" @money_cruncher on X 2025-07-20 00:39:57 UTC 139.4K followers, 51.4K engagements
"2 main methods real estate investors use to "convert" passive losses into non-passive: X. Short term rental strategy X. Real estate professional status Let me explain" @money_cruncher on X 2025-07-18 13:10:17 UTC 139.4K followers, 46.5K engagements
"5. Tips deduction If you are a W-2 employee who earns tips and your gross income is under $150000 (single) or $300000 (married jointly) you can claim a maximum $25000 deduction for tipped income. E.g any credit card tips reported on your W-2 can be deducted" @money_cruncher on X 2025-07-22 13:12:17 UTC 139.4K followers, 5533 engagements
"3. Qualified Small Business Stock (QSBS) If want to sell your business you've probably heard of QSBS. It allows you to sell your business and pay X% capital gains tax on up to $10M in gains for C-corp stock if held for X years and assets $50M" @money_cruncher on X 2025-07-16 13:17:37 UTC 139.4K followers, 11.2K engagements
"So John was able to save about $XXX on federal taxes due to the new deduction since his MAGI was under $75000 (typically line XX for most ppl) If married and both are over XX the standard deduction will be $33100 and the senior deduction will be $12000" @money_cruncher on X 2025-07-21 13:18:30 UTC 139.4K followers, 7338 engagements
"If you are age XX and just started drawing SS this deduction WILL NOT apply to you. In contrast if you are age XX and still dont take Social Security you WILL get the deduction. The new deduction has nothing to do with Social Security but it MIGHT impact your tax bill" @money_cruncher on X 2025-07-21 13:18:26 UTC 139.4K followers, 5673 engagements
"BREAKING: Vanguard just released X ETFs that can replace your high yield savings account. Here's everything you need to know about it:" @money_cruncher on X 2025-02-14 00:03:58 UTC 139.4K followers, 1.1M engagements
"1. Short-term rental If the average customer stay is less than X days (e.g Airbnb) and you materially participate in the rental business for at least XXX hours (and more than anyone else) these losses can be taken against your active income" @money_cruncher on X 2025-07-18 13:10:18 UTC 139.4K followers, 41.9K engagements
"🚨New tax bill just quadrupled SALT cap from $10000 to $40000 starting in 2025. With the right "bunching" strategy you could save thousands in taxes. Here's how to make it work for you:" @money_cruncher on X 2025-07-14 13:10:16 UTC 139.4K followers, 275.2K engagements
"8. No tax on overtime A new $12500 deduction (single) or $25000 (married jointly) is created for overtime effective from 2025 through 2028. The deduction is reduced by $XXX for each $1000 by which your gross income exceeds $150000 (single) or $300000 (married)" @money_cruncher on X 2025-07-04 23:26:22 UTC 139.4K followers, 76.8K engagements
"In addition the 1099-K form limit (for apps like eBay Uber PayPal Venmo etc) is increasing from a $XXX threshold to $20000 AND XXX transactions. This is a big change to reduce the administrative (not taxability) impact on business owners and side gigs" @money_cruncher on X 2025-07-16 13:17:36 UTC 139.4K followers, 12.5K engagements
"This means that $XXX more of income will be taxed at XX% and $1000 at XX% resulting in $150-200 of federal tax savings in 2026. So a slight tax relief for not just W-2 workers but any taxpayer due to broader rate brackets" @money_cruncher on X 2025-07-22 13:12:14 UTC 139.4K followers, 7771 engagements
""I have $20k to invest. Should I invest it all at once or cost average" Research shows that lump sum outperforms cost averaging XX% of the time (Finlay and Zorn paper) BUT for a risk-averse investor with significant loss aversion it may be better to cost average. In any case either is better than sitting on cash" @money_cruncher on X 2025-06-24 18:34:11 UTC 139.4K followers, 57.6K engagements
"70414 of the OBBBA expands XXX plan eligibility to cover: Tuition fees and books for enrolling in a postsecondary credentials Exam fees needed to obtain/maintain the credential Continuing education fees This would allow XXX plans to cover fees related to CFPs or CPAs" @money_cruncher on X 2025-07-19 13:33:34 UTC 139.4K followers, 5731 engagements
"You could legally pay $X in federal taxes even on $300000 of W-2 income. And the new tax bill just made it a lot easier. Here's how to take advantage of this:" @money_cruncher on X 2025-07-18 13:10:15 UTC 139.4K followers, 728.6K engagements
"If you're a W-2 worker the new tax bill could put a little extra cash back in your pocket. Here's everything that's changing (and how it impacts your paycheck):" @money_cruncher on X 2025-07-22 13:12:12 UTC 139.4K followers, 114.1K engagements
"We have access to the data comparing 2017 vs 2018: $30000 - $49999 of AGI: XXX% average tax rate (income tax as percentage of AGI) decreased to XXX% (1.0pp) $50000 - $99999: XXX% decreased to XXX% (1.4pp) $100000 - $199999: XXXX% decreased to XXXX% (1.5pp)" @money_cruncher on X 2025-07-15 12:37:09 UTC 139.3K followers, 6847 engagements
"If you have portfolio income it also increases your MAGI including: X. Dividend income (especially from REITs) X. Taxable interest X. Capital gains Here are some potential moves related to that:" @money_cruncher on X 2025-07-23 13:20:31 UTC 139.4K followers, 2256 engagements
"9. Car loans There will be a $10k deduction on car loan interest effective from 2025-2028. The deduction will be reduced by $XXX for each $1000 by which your gross income exceeds $100k (or $200k if married). The final assembly of the car must be within the US to qualify" @money_cruncher on X 2025-07-04 23:26:23 UTC 139.4K followers, 79.2K engagements
"6. Overtime If you are a non-exempt W-2 employee who receives overtime pay and earns under $150K/$300K MAGI (single/joint) you can get up to a $12500/$25000 (single/joint) deduction. If base rate = $20/hr and overtime = $30/hr then $10/hr * OT hours is deductible" @money_cruncher on X 2025-07-22 13:12:18 UTC 139.4K followers, 5216 engagements
"Here's how his tax return will likely look: Standard deduction: $15750 + $2000 (age XX or blind) = $17750 Senior deduction: $6000 Taxable income: $21250" @money_cruncher on X 2025-07-21 13:18:30 UTC 139.4K followers, 3212 engagements
"There is a lot of misinformation and confusion about the "no tax on overtime" Let me break it down exactly how it works (with real examples and tax impacts):" @money_cruncher on X 2025-07-06 13:18:41 UTC 139.4K followers, 152.1K engagements
"Tax move #4: John received an inheritance and wants to donate to an organization that is deeply close to his heart. His AGI is $150000 and he donates $50000 in stocks. XXX% floor = $XXX Allowed donation deduction = $50000 - $XXX = $49250" @money_cruncher on X 2025-07-20 13:40:16 UTC 139.4K followers, 4777 engagements
"He is expecting to sell it for $500000. This means that John would be in a XX% rate. John would be better off skipping the 2025 donation and donating an increased amount in 2026 even with the XXX% floor because of such a rapid growth in income (24% - 37%)" @money_cruncher on X 2025-07-20 13:40:15 UTC 139.4K followers, 5965 engagements
"Now let's discuss the qualifying auto loan. First the car must be new ("the original use of which commences with the taxpayer") It must also have at least two wheels be made for public road use and weigh under 14000 lbs. ATVs trailers and campers are not eligible" @money_cruncher on X 2025-07-10 13:11:28 UTC 139.4K followers, 24K engagements
"The new tax bill raises the SALT cap from $10000 to $40000. But for high earners it could come with a hidden SALT torpedo pushing your tax rate up to 45%. Let's walk through how it works:" @money_cruncher on X 2025-07-23 13:20:26 UTC 139.4K followers, 78.1K engagements
"If you have kids pay attention. The new tax bill significantly upgraded XXX savings plans. Here's everything that's changing:" @money_cruncher on X 2025-07-13 13:55:26 UTC 139.4K followers, 406.6K engagements
"Also there is no change to the $35000 rollover to Roth IRA option. This means a lot more education related expenses are now covered under a XXX plan with the ability to roll over unused funds. This could help with the common concern of overfunding a XXX plan" @money_cruncher on X 2025-07-13 13:55:31 UTC 139.4K followers, 27K engagements
"There is still so much confusion about the new "no tax on Social Security income" Its the most asked question I get about the tax bill. Here's the full breakdown (with examples):" @money_cruncher on X 2025-07-21 13:18:25 UTC 139.4K followers, 82.3K engagements
"Maximum deduction based on XX% AGI = $45000 ($150k * 30%) So the $49250 - $45000 = $4250 will be carried forward AND the $XXX floor for $5000 total. If you're near the AGI limit contributing more could "save" on the XXX% floor" @money_cruncher on X 2025-07-20 13:40:16 UTC 139.3K followers, 9577 engagements
"90% of Americans never got a tax break for donating to charity. The new tax bill completely overhauls charitable giving. X tax planning moves to make before the rules change:" @money_cruncher on X 2025-07-20 13:40:11 UTC 139.4K followers, 106.2K engagements
"The new tax bill has nothing to do with Social Security. The tax bill creates a new $6000 deduction for people who are age XX and older during the tax year. Quick example" @money_cruncher on X 2025-07-21 13:18:25 UTC 139.4K followers, 5805 engagements
"This is huge because many people didnt want to contribute to these plans saying "what if my child doesnt go to college" Well the postsecondary credentialing now includes many programs outside of traditional college or university" @money_cruncher on X 2025-07-13 13:55:30 UTC 139.4K followers, 22.8K engagements
"4. "Trump account" The new law creates a pilot program allowing parents to receive a $1000 credit which the U.S. government will deposit into a "Trump Account" on behalf of each eligible child (any U.S. citizen born in 2025 2026 or 2027)" @money_cruncher on X 2025-07-19 13:33:34 UTC 139.4K followers, 5360 engagements
"The new tax bill allows a maximum deduction of $10000 for auto loan interest. This means you can write off up to $10000 per year in interest paid on qualifying auto loans. But it comes with requirements" @money_cruncher on X 2025-07-10 13:11:25 UTC 139.4K followers, 26.4K engagements
"The new tax bill allows you to write off car loan interest. BUT only certain types of cars and loans qualify. Here's exactly how it works:" @money_cruncher on X 2025-07-10 13:11:25 UTC 139.4K followers, 316.8K engagements
"The new tax bill made a massive change: XXX% bonus depreciation for property placed in service after January XX 2025 instead of 40%. This allows for big tax savings for real estate investors" @money_cruncher on X 2025-07-18 13:10:15 UTC 139.4K followers, 70.6K engagements
"The new tax law made a lot of changes for business owners and side hustlers with many provisions going into effect retroactively to 2025. My goal is to cover them so you are informed on the impacts on your taxes" @money_cruncher on X 2025-07-16 13:17:34 UTC 139.3K followers, 15.2K engagements
"3. Itemized SALT cap SALT cap (state and local taxes) increases from $10k to $40k in 2025 (phased down for MAGI $500k-$600k). Also mortgage insurance premiums will be deductible again (starting in 2026)" @money_cruncher on X 2025-07-22 13:12:14 UTC 139.4K followers, 7606 engagements
"Say you are making $150000 of W-2 income. You pay $7500 of state taxes $6000 of property taxes $10000 of mortgage interest and $XXX of mortgage insurance premiums. Before the tax bill your total deductions would be $10000 (taxes cap) + $10000 = $20000 deduction" @money_cruncher on X 2025-07-22 13:12:15 UTC 139.4K followers, 7182 engagements
"I'm making a thread answering questions about the new tax bill Comment below if you have any questions 👇" @money_cruncher on X 2025-07-20 02:21:21 UTC 139.4K followers, 28.6K engagements
"Now when you sell this rental you will face a depreciation recapture. Here are X strategies to lower the impact: pass away and give the rentals to your children 1031 exchange direct indexing to do tax loss harvesting installment sales opportunity zones" @money_cruncher on X 2025-07-18 13:10:19 UTC 139.4K followers, 28.7K engagements
"2. Charitable contributions floor Section 70425 of OBBBA also created a floor on the deductions of charitable contributions equal to XXX% of Adjusted Gross Income (AGI) starting in 2026 if you itemize. Your charitable deduction is only allowed if it exceeds XXX% of your AGI" @money_cruncher on X 2025-07-20 13:40:13 UTC 139.4K followers, 8922 engagements
"If you have a business or a side gig pay attention. The new tax bill made a lot of changes to your taxes. Here's what it means for your wallet:" @money_cruncher on X 2025-07-16 13:17:33 UTC 139.3K followers, 253.9K engagements
"With the new tax bill you will be able to deduct the entire $13500 of taxes $10000 of mortgage interest and $XXX of mortgage insurance premiums. Deduction total = $24200. The delta between the old and new tax bill is roughly $XXX of tax savings in that situation" @money_cruncher on X 2025-07-22 13:12:15 UTC 139.4K followers, 6845 engagements
"@LeadingReport This just means that the sales tax will increase" @money_cruncher on X 2025-07-04 16:56:57 UTC 139.4K followers, 140.3K engagements
"Tax move #2: John makes $1000000 of AGI per year. He is itemizing his deductions in 2025. John donates $10000 per year to charity. John is in the XX% tax bracket. If John donates $10000 in 2025 he can take the entire $10000 deduction (since he is itemizing). BUT" @money_cruncher on X 2025-07-20 13:40:13 UTC 139.3K followers, 8305 engagements
"The new tax bill makes major changes to the child tax credit dependent care credit XXX plans and more. If you have kids (or plan to) you need to read this:" @money_cruncher on X 2025-07-19 13:33:29 UTC 139.4K followers, 88K engagements
"I love Vanguard funds. Heres why: Vanguards average ETF expense ratio is just 0.05%. The industry average ETF expense ratio is 0.22%. These costs compound over the long term and could cost thousands of dollars" @money_cruncher on X 2025-07-03 13:19:40 UTC 139.4K followers, 27.9K engagements
"$200k - $499k: XXXX% drop to XXXX% (2.6pp) $500k - $999k: XXXX% drop to XXXX% (2.2pp) $1M - $1.49M: XXXX% drop to XX% (1.6pp) $1.5M - $1.99M: XXXX% drop to XXXX% (1.4pp) $2M - $4.99M: XXXX% drop to XXXX% (1.2pp) $5M - $9.99M: XXXX% drop to XXXX% (1pp) $10M+: XXXX% drop to XXXX% (.8pp)" @money_cruncher on X 2025-07-15 12:37:10 UTC 139.3K followers, 6696 engagements
"People say "Trump tax bills gave tax cuts only to billionaires" I analyzed IRS data from 152.9M tax returns and the new tax bill to find out if that's true. Here's what you must know:" @money_cruncher on X 2025-07-15 12:37:07 UTC 139.4K followers, 80.7K engagements
"Should I use Vanguard or Fidelity for my investments Both are good options. Vanguard - low cost funds better money market funds Fidelity - better support UI cash management You can use Fidelity and buy Vanguard funds. Or use Vanguard if you need a higher yield MMF" @money_cruncher on X 2025-06-29 13:31:04 UTC 139.3K followers, 49.5K engagements
"Tax move #1: John wants to donate $1000 to charity in 2025. He is in a XX% rate. He is taking the standard deduction in 2025 & 2026. John would be better off waiting until 1/1/2026 to donate which will save him $XXX on taxes that year vs $X saved in 2025" @money_cruncher on X 2025-07-20 13:40:12 UTC 139.4K followers, 9077 engagements
"You can: shift bond income into retirement accounts minimize dividends by favoring growth stocks shift taxable interest into municipal bonds (which dont impact MAGI under the SALT cap rules) offset capital gains with losses" @money_cruncher on X 2025-07-23 13:20:31 UTC 139.4K followers, 5577 engagements