The Financially Fit Couple
The Financially Fit Couple
Podcast Description
Hey there, and welcome to the Financially Fit Couple! This podcast is all about answering the questions busy, married couples find themselves asking about their finances. I’m Matthew Gray, your host and a Certified Financial Planner. Join me as I interview topic experts and other couples just like you to find out how to pursue your goals and live financially healthy lives. Let’s get started!
Podcast Insights
Content Themes
The podcast focuses on personal finance topics specific to married couples, with episodes covering areas like disability insurance, the home buying process, and real estate financing, exemplified by interviews with experts who share insights on insurance coverage, realtor relationships, and mortgage lending nuances.
Hey there, and welcome to the Financially Fit Couple! This podcast is all about answering the questions busy, married couples find themselves asking about their finances. I’m Matthew Gray, your host and a Certified Financial Planner. Join me as I interview topic experts and other couples just like you to find out how to pursue your goals and live financially healthy lives. Let’s get started!
In this episode of the Financially Fit Couple podcast, host Matthew Gray welcomes Billy Hay to discuss the latest changes in tax legislation and what they mean for busy married couples with kids.
They dive deep into key topics such as adjustments in charitable giving, state and local taxes (SALT), auto loan interest deductions, clean energy credits, tip and overtime taxation, bonus depreciation, and the new Trump accounts for kids.
They also clarify misconceptions surrounding Social Security taxation and the standard deduction. This episode is a must-listen for anyone looking to stay ahead of their taxes and understand the implications of recent legislative changes.
00:38 Introduction to Today's Topic: Tax Legislation Changes
01:53 Guest Introduction: Meet Billy Hay, CPA
04:31 Charitable Giving: New Tax Benefits
09:04 State and Local Taxes: SALT Deduction Changes
15:41 Clean Energy Credits: Act Now Before They Expire
20:02 Overtime and Tips: New Tax Rules
26:07 Bonus Depreciation: What Business Owners Need to Know
30:22 Trump Accounts for Kids: What We Know So Far
35:04 What's Not Changing: Common Misconceptions
40:03 Final Thoughts and Advice
Resources
https://www.irs.gov/credits-deductions/clean-vehicle-and-energy-credits
https://www.fidelity.com/learning-center/smart-money/standard-deduction
https://www.dykema.com/news-insights/landmark-tax-legislation-of-the-one-big-beautiful-bill-act-what-it-means-for-you.html#:~:text=For%202025%2C%20the%20deduction%20is,tax%20credit%20is%20made%20permanent.
Matthew Gray
https://www.linkedin.com/in/matthew-gray-cfp%C2%AE-5a2144134/
https://schrockfin.com/
Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC
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