Welcome to our Video and Audio Podcast Review of our Summer 2025 Newsletter. For those on the road or just unable to grab the time to read, our podcast type review gives you the behind the scenes insight to our thoughts, observations and deep views of the entire Newsletter.
Click the Download button below, for a direct link to an electronic version (an early peek-good ole fashion paper versions are on their way to you shortly) and here for our Newsletter page
Let’s get going! We hope you enjoy!
Literally at the time of printing, we are seeing in major reputable sources, completely inaccurate interpretations of many of these laws. We have done our best to clarify and show you what we believe is “Black and White” in an expeditious manner but there may be variations to come through IRS statements. Use the following as a guide and reference. Before making any decisions without our
involvement, check with your tax professionals.
Summer 2025 Newsletter – All New Tax Laws – Analysis
(YouTube)
Tax Cheat Sheet
Here is the link to the sheet here on our Blog
SALT – State and Local Taxes – Know the Phase outs
If we are near the $500k and pushing just up to the $600k AGI – watch closely – You could get a $40k Penalty
Age 65+ Extra Deduction – Know the Phase outs
Phase outs start at $75/$150k (Single/Joint) – Surprised this is not more known!
529 More Uses Now – Higher limits starting in 2026 –
Whew there is a lot of misinterpretations here – We are comfortable with knowing that $20k for k-12 will be available in 2026 – up from $10k now, AND there are far more liberal uses of the 529 starting NOW!
New $1k Currently Born Trump Account
We are not sure on how to get these and where they will reside ie Investment Account or Government Account, but we do know they exist – If you have a child this year, he/she should eventually get a $1k Account from the US Government called a Trump account at no cost or taxes to you!
Key Dates –
September 30, 2025 – The $7,500 EV Credit Expires for EV Automobiles
1-1-2026 New .5% Floor for Certain Charitable Contributions goes into effect
1-1-2026 529 K-12 Cap goes to $20k
Talk to you in the Fall/Winter !
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com
