Armstrong & Getty Extra Large Interviews

He Loves Talking Taxes! Steve Moskowitz Talks to A&G

·13 min·1 clip

Steven Moskowitz reveals how you can take a two-week vacation anywhere in the world, paid for tax-free by a stranger.

The episode features an interview with Steven Moskowitz, a tax attorney and longtime advisor to the Armstrong & Getty show. Moskowitz expresses his passion for tax law, highlighting its many hidden benefits. He begins by introducing the Augusta Rule (IRC section 280A), which allows homeowners to rent their property for up to 14 days a year tax-free, using an example of a $14,000 tax-free vacation. The conversation then shifts to advice for small business owners, focusing on retirement plans. Moskowitz lists four key benefits: tax savings, tax-deferred growth, lawsuit protection, and flexible funding deadlines, referencing O.J. Simpson's protected pension. He details catch-up plans for those over 50 and penalty-free withdrawals for emergencies like domestic abuse or wildfires. Next, he discusses opportunity zones, designated areas where investments can defer taxes until 2026 and, if held over 10 years, yield zero capital gains tax, illustrated with a $99 million profit example. Moskowitz also mentions electric vehicle credits that can be applied at the dealership. In the final segment, he addresses recent tax changes under the Trump administration, including expiring provisions of the Tax Cuts and Jobs Act, increased standard deductions, and updates to flexible spending and health savings accounts. He notes the triple tax benefit of health savings accounts and highlights the earned income credit for low-income families. Throughout, Moskowitz emphasizes that tax laws provide incentives for all, encouraging listeners to explore these opportunities.

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