Close
517-321-4832

August 25, 2025

S4E29 – The Big Beautiful Tax Bill with Matt Cooper, CPA

The Big Beautiful Tax Bill with Matt Cooper, CPA

Podcast: Play in new window | Download

Taxes aren’t usually described as “big and beautiful,” but the new tax bill brings plenty of changes worth understanding. In this episode of Kitchen Table Finance, Nick sits down with Matt Cooper, CPA and owner of Matthew Accounting in DeWitt, Michigan, to unpack what these updates mean for individuals and small business owners.

Together, they cover what’s changing, what’s staying the same, and what opportunities you may have to better plan for your financial future.

Highlights from the Conversation:

  • Tax Brackets & Standard Deduction: Both remain permanent, with inflation adjustments built in.

  • Charitable Contributions: Above-the-line deductions return—up to $2,000 for joint filers—even if you don’t itemize.

  • State and Local Taxes (SALT): Deduction cap temporarily increases from $10,000 to $40,000.

  • Car Loan Interest: Interest on new vehicles assembled in the U.S. is now deductible up to $10,000.

  • Social Security Benefits: Still taxable, but seniors get an additional deduction ($6,000 single / $12,000 joint).

  • Tips & Overtime Pay: Both receive new, limited tax carve-outs.

  • EV & Clean Energy Credits: Phasing out by late 2025—home improvement credits end sooner.

Takeaway: Tax laws will continue to change, but now is the time to take advantage of the opportunities available. Proactive planning with your financial advisor and tax professional can make a real difference.

Resources:

Phone: (517) 668-9000
Main Office: 124 E Washington St, Suite H, DeWitt, MI 48820 (Matthew Accounting, Matthew Accounting)
They also have a presence in Lansing, MI, with a contact number of (517) 258-1424. (Matthew Accounting)
If you’re interested in their services, you can schedule a no-obligation consultation through their Contact Us page.

Don’t forget to subscribe to the Kitchen Table Finance podcast and YouTube channel so you never miss an update on your money and retirement planning.

Share post: