Special Episode: The Tax Relief for American Families and Workers Act of 2024

To help you decode the new Tax Relief Act and understand it’s benefit, we have setup a webinar on 6th February at 6pm CST.

Click here to register for the webinar.

The unbelievable has happened!

Congress passed a sensible bill with big tax benefits to American families and workers.

Now, you don’t need to be biting your nails about whether you’re going to thrive or just survive in 2024. It doesn’t matter if everyone’s shouting ‘Recession!’

In this episode of the Hidden Money Podcast, join Mike Pine and Kevin Schneider, CPAs, as they unpack 2024’s Tax Relief for American Families and Workers Act to your financial benefit.

In this episode, we discuss

The Tax Relief for American Families and Workers Act proposed on January 16th, bringing positive changes to tax laws.

The potential increase of bonus depreciation for two years, benefiting real estate investors and businesses.

The significance of bonus depreciation in reducing taxes and stimulating the economy.

The positive impact of the bill on research and development expenditures, allowing businesses to deduct them and making it retroactive to January 1st, 2023.

Changes to the Child Tax Credit, including indexing it to inflation and making more of the credit refundable.

The potential end of Employee Retention Tax Credit (ERTC) claims after January 30th, 2024.

The broader economic outlook for the year, considering global recessions and challenges in various nations.

Personal finance advice and examples, emphasizing the importance of emergency funds, budgeting, and taking inventory of financial strategies.

A call for a proactive approach that rejects partisanship agenda to navigate the changing economic landscape and leverage potential opportunities.

To help you decode the new Tax Relief Act and understand it’s benefit, we have setup a webinar on

6th February at 6pm CST.

Click here to register for the webinar.

Thank you for listening to us!