Episode 131: Don't Leave Money on the Table: New Deductions, Donor Hacks & The Truth About Trump Accounts
Accounting and Accountability · Faw Casson CPAs
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Show Notes
In this episode:
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What Trump Accounts are, who qualifies, and why parents of young kids should pay attention in 2026.
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How the "no tax on tips/overtime" headlines are misleading and what employers need to prepare for now.
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Why hobby losses are red flags for the IRS, especially for side gigs that never turn a profit.
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A timely breakdown of gift tax rules, including how to move money to family members tax-free and when you do have to file something.
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Creative ways to give to charity, including donor-advised funds and how businesses can deduct donations as advertising.