Ashley:
Taxes might not sound exciting, but what if I told you there’s a brand new bill that could put more money in your pocket and change how you invest today?
Tony:
And today we’ve got two of the best real estate CPAs in the game. You guys might know them. They’ve written several books for BiggerPockets. They’re my personal CPA and good friends of BiggerPockets. But we have Amanda and Matt from Keystone CPA, and they’re here to break down the big, beautiful tax bill, what it means, why it matters, and exactly how rookies can benefit from it.
Ashley:
Welcome to the Real Estate Rookie podcast. I’m Ashley Kehr.
Tony:
And I’m Tony j Robinson. With that, let’s give a big warm welcome to Amanda Hahn and Matt McFarland. Guys, thanks for joining us today. I appreciate having you both.
Matt:
Yeah, thanks for having us, guys. It was fun to be here.
Ashley:
So for those who aren’t tax nerds yet, what is the big beautiful tax bill and why is everyone in real estate talking about it right now?
Amanda:
Well, first of all, it’s called the one big beautiful bill we are referring to as the tax bill, but the bill actually has a lot of different things outside of taxes as well. That’s what they called it, the one big beautiful, because it’s sort of all encompassing. But what we really love about the one big, beautiful Bill is that for the first time in many years, we are seeing a bill or new tax law that benefits not just real estate investors or large corporations, but it actually benefits a lot of people. Of course, real estate investors is one of them, but just average W2 earners, homeowners and people who are looking to purchase cars and even parents as well. But of course the intersect of all of that with real estate is what’s been super amazing for us, at least as real estate CPAs.
Matt:
Yeah, I think people are talking about it because it just passed last month and there was a lot of lead up to it, right? They were talking about it probably the…