Save $40,000 As A Homeowner With the S.A.L.T. Deduction!

Save $40,000 As A Homeowner With the S.A.L.T. Deduction!

This is where the Melanin Money strategies come together. Join us for the 5-Day Wealth Workshop and learn how to apply what you’ve heard on the show. Sign up here ⬇️ https://www.joinwealthworkshop.com/register?el=video2020926&utm_source=direct_to_ticket&utm_medium=yt Most homeowners hear about the $40,000 SALT deduction for 2026, but very few understand how it actually works — or why so many people will miss it entirely. In this episode, we break down what changed, who truly qualifies, and the specific tax decisions that determine whether this deduction helps you or quietly disappears. If you own a home and expect to itemize, this is one of those rules you need to understand before you file, not after. This isn’t about loopholes or aggressive tax strategies. It’s about understanding the tax code well enough to avoid leaving money on the table in 2026. Timecodes 00:00 Introduction to $40,000 SALT deduction 01:27 What SALT deduction includes 02:35 Itemizing deductions vs standard deduction 03:07 Changes with the Big Beautiful Bill 04:22 Income phase-out limits explained 05:25 Who benefits from the enhanced SALT deduction 06:28 Real-world SALT deduction example 07:07 Who does not benefit from SALT deduction 08:03 Client case study: $10,000 tax savings 09:18 Key takeaways and CPA advice Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

Trump Accounts : How They Can Change Your Child's Life Forever!

This is where the Melanin Money strategies come together. Join us for the 5-Day Wealth Workshop and learn how to apply what you’ve heard on the show. Sign up here ⬇️ https://www.joinwealthworkshop.com/register?el=video2020226&utm_source=direct_to_ticket&utm_medium=yt Most parents want to set their kids up financially, but many don’t realize a brand-new, federally supported investment account even exists. Missing it could quietly cost their children hundreds of thousands — or more — over time. In this episode, we break down what the Trump account is, who qualifies, how to set it up step by step, and how compounding can turn a small early start into generational wealth. If you’re a parent planning for your child’s future, this is information you don’t want to miss. Timecodes 00:00 Introduction to the Trump account for kids 01:32 What is the Trump account and eligibility 02:02 How the account works and government funding 03:43 How to set up the Trump account 05:12 Filling out IRS form 4547 details 07:19 Recommended investment strategy 09:29 Dollar cost averaging and automation tips 10:00 Compound interest growth projections and benefits 13:07 Importance of generational wealth and closing remarks Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

Your LLC Payment Method Is Triggering A Massive Tax Bill!

This is where the Melanin Money strategies come together. Join us for the 5-Day Wealth Workshop and learn how to apply what you’ve heard on the show. Sign up here ⬇️ https://www.joinwealthworkshop.com/register?el=video2012626&utm_source=direct_to_ticket&utm_medium=yt Most LLC owners don’t realize that how they pay themselves matters more than how much they make. Paying yourself the wrong way can trigger higher taxes, weaken your liability protection, and create serious problems with the IRS. In this episode, we break down how LLC owners should actually pay themselves, why common methods lead to costly mistakes, and what changes in 2026 make this even more important. You’ll learn the difference between distributions and payroll, how profits are taxed, and when an LLC might need a different structure to reduce unnecessary taxes. If you own an LLC and want to keep more of what you earn in 2026, this is a conversation you can’t afford to miss. Timecodes 00:00 Importance of paying yourself from LLC 00:42 Introduction and host background 01:26 Steps to properly structure your LLC 02:48 How to pay yourself: owner's draw explained 05:00 Taxation on LLC profits and distributions 06:30 Best practices for paying yourself and tax savings 07:31 LLCs and tax savings misconceptions 09:40 Using S-Corp election to reduce taxes Follow us for more value https://www.instagram.com/cofield_advisor/?hl=en https://www.instagram.com/georgeacheampongjr/?hl=en

2026 Is Not the Year to Miss These 5 Write-Offs

This is where the Melanin Money strategies come together. Join us for the 5-Day Wealth Workshop and learn how to apply what you’ve heard on the show. Sign up here ⬇️ https://www.joinwealthworkshop.com/register?el=video2011926&utm_source=direct_to_ticket&utm_medium=yt Most LLC owners overpay the IRS because they miss deductions the tax code already allows. In this episode, we break down the write-offs that matter most in 2026 and why ignoring them can quietly cost you thousands. If you own an LLC and want to stop leaving money on the table, this episode shows what to focus on before you file. Chapters 00:00 Introduction to missed LLC tax deductions 00:25 Overview of 5 key tax deductions for 2026 01:23 Big three tax-free wealth framework strategies 01:50 Strategy 1: The Augusta rule for home rental 05:14 Strategy 2: Employing your children for tax benefits 08:27 Strategy 3: 100% bonus depreciation explained 11:34 Strategy 4: Maximizing the QBI deduction 12:54 Strategy 5: Turning personal trips into business travel deductions

How to Pay Yourself Correctly From an S-Corp in 2026

This is where the Melanin Money strategies come together.Join us for the 5-Day Wealth Workshop and learn how to apply what you’ve heard on the show.Sign up here ⬇️https://www.joinwealthworkshop.com/register?el=video2122525&utm_source=direct_to_ticket&utm_medium=ytMany S-Corp owners get into IRS trouble not because they’re doing something illegal, but because they pay themselves the wrong way. In this episode, we explain how S-Corp pay actually works, why the IRS focuses on owner compensation, and what mistakes raise red flags.If you own an S-Corp or plan to set one up, this episode shows how to pay yourself correctly and avoid problems before they start.Chapters00:00 Risks of improper S-Corp owner salary00:23 Overview of paying yourself from S-Corp01:10 Step 1: Setting up payroll software01:55 Step 2: Determining reasonable salary02:40 Using Kohler payroll matrix explained04:26 Step 3: Payroll payment frequency05:38 Owner's distribution vs payroll salary06:49 Avoiding IRS audits and compliance tipsFollow us for more valuehttps://www.instagram.com/cofield_advisor/?hl=enhttps://www.instagram.com/georgeacheampongjr/?hl=en