In today's episode, Matt invites his CPA and frequent collaborator Abbie McGuire to talk about a the tax implications of the Big Beautiful Bill in detail, including changes to the standard deduction, estimated tax payments, new temporary tax deductions, and more. They also discuss why it's important to build a relationship with your tax provider and plan ahead for future tax changes by engaging with them throughout the year, not just during tax season! Simple things like reviewing your W-4 each year can help you avoid unforeseen tax bills at the end of the year, and help you gather the documentation you need to minimize your tax bill when it comes time to file.

Get in touch with Abbie McGuire, CPA: https://www.amcguirecpa.com

Follow Matt Murphy

Web: https://www.benetaswealth.com

Newsletter: http://eepurl.com/jb7SNc

LinkedIn: https://www.linkedin.com/in/mattmurphycfp

Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.

This material is intended for informational/educational purposes only and should not be construed as investment advice, a solicitation, or a recommendation to buy or sell any security or investment product. Please contact your financial professional for more information specific to your situation.

Investments are subject to risk, including the loss of principal. Some investments are not suitable for all investors, and there is no guarantee that any investing goal will be met. Past performance is no guarantee of future results.

Exchange-traded funds (ETFs) are subject to market volatility, including
the risks of their underlying investments. They are not individually redeemable from the fund and are bought and sold at the current market price, which may be above or below their net asset value.