The Tax Strategy Podcast with Fexingo: Tax Planning, Deductions, and Saving Money on Taxes

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Lucas and Luna dissect the U.S. tax code with surgical precision, focusing on federal and state tax strategies for high-earning professionals, small business owners, and independent contractors. Each episode examines a specific deduction or credit — from Section 199A qualified business income deductions to cost-segregation studies for real estate investors — and walks through real-dollar examples using publicly available IRS forms and case law. Lucas, with his fountain pen and tweed blazer, highlights the fine print in tax regulations while Luna, in her structured slate blazer, cross-references actual taxpayer scenarios. They avoid generic advice, instead comparing strategies like bunching itemized deductions versus taking the standard deduction, or weighing the benefits of a solo 401(k) against a SEP IRA. The show serves listeners who want to minimize their tax liability legally, without relying on gimmicks. You'll leave each episode with a specific, actionable tactic — but also an understanding of the trade-offs. Is that home-office deduction really worth the audit risk? Should you accelerate depreciation on your rental property? Lucas and Luna don't just answer — they show you the numbers. #TaxStrategy #TaxPlanning #TaxDeductions #IRS #CPATips #SmallBusinessTax #RealEstateTax #Solo401k #Section199A #CostSegregation #ItemizedDeductions #AuditRisk #TaxCode #Finance #FexingoBusiness #BusinessPodcast #PersonalFinance #TaxSavings Keep every episode free: buymeacoffee.com/fexingo

  1. 22h ago

    How the Tax Cuts and Jobs Act Changed Itemizing in 2026

    In this episode of The Tax Strategy Podcast, Lucas and Luna break down how the Tax Cuts and Jobs Act reshaped the standard deduction and itemized deductions for 2026. With the standard deduction nearly doubled, fewer taxpayers itemize, but for those who do, the rules for medical expenses, state and local taxes, and charitable gifts have shifted. They walk through a concrete example: a married couple with $30,000 in deductible expenses decides whether to itemize under the new thresholds. They also explain the impact of the SALT cap, the 60 percent cash contribution limit, and the phase-out of miscellaneous deductions. Tune in to learn which deductions still matter and how to decide if itemizing is worth the paperwork. #TaxCutsAndJobsAct #StandardDeduction2026 #ItemizedDeductions #SALTCap #MedicalExpenseDeduction #CharitableContributions #TaxPlanning #TaxStrategy #Finance #PersonalFinance #TaxSeason #IRS #FexingoBusiness #BusinessPodcast #Podcast #TaxTips #TaxDeductions #WealthManagement Keep every episode free: buymeacoffee.com/fexingo

    How the Tax Cuts and Jobs Act Changed Itemizing in 2026

  2. 1d ago

    How the Saver's Credit Boosts Retirement Savings in 2026

    Lucas and Luna break down the Retirement Savings Contributions Credit, commonly known as the Saver's Credit, and how it can put up to $1,000 back in your pocket when you save for retirement in 2026. They walk through the income limits, the credit rate tiers (50%, 20%, 10%), and the often-missed catch: it's a non-refundable credit, so it reduces what you owe but doesn't produce a refund. They also explain why the credit is worth more if you're careful about your adjusted gross income, and how a single dollar of extra income can knock you down a tier. The episode includes a concrete example: a single filer earning $32,000 who contributes $2,000 to a 401(k) and gets a $400 credit. They also discuss the recent changes under the SECURE 2.0 Act, including the new federal matching contribution for low-income savers starting in 2027, which makes planning now even more important. If you're a moderate earner saving for retirement, this episode will show you how to claim a credit you might have overlooked. #SaversCredit #RetirementSavings #TaxCredit #2026TaxSeason #SECURE2Act #RetirementPlanning #TaxStrategy #PersonalFinance #Finance #TaxTips #IRAContributions #401kMatching #LowIncomeSavers #TaxSeason2026 #FexingoBusiness #BusinessPodcast #PodcastEpisode159 #LucasAndLuna Keep every episode free: buymeacoffee.com/fexingo

    How the Saver's Credit Boosts Retirement Savings in 2026

  3. 2d ago

    How the 2026 Gift Tax Exclusion Lets You Transfer Wealth Tax-Free

    In this episode of The Tax Strategy Podcast, Lucas and Luna explain the 2026 annual gift tax exclusion — the $20,000 per person per year you can give away without filing a gift tax return. They break down how it works, why it's a simple but powerful estate planning tool, and how it interacts with the estate tax exemption that's set to be cut in half in 2026. They cover the mechanics, the paperwork, and practical strategies for using it to reduce a taxable estate. If you've ever wondered how to pass wealth to family or friends without triggering taxes, this episode gives you the concrete numbers and rules you need. #GiftTax #EstatePlanning #TaxStrategy #WealthTransfer #AnnualExclusion #2026Tax #EstateTaxExemption #Finance #Business #FexingoBusiness #BusinessPodcast #TaxPodcast #MoneyTips #FinancialLiteracy #EstatePlanningTips #Giving #TaxPlanning #Inheritance Keep every episode free: buymeacoffee.com/fexingo

    How the 2026 Gift Tax Exclusion Lets You Transfer Wealth Tax-Free

  4. 3d ago

    The 2026 Estate Tax Exemption Cliff and How to Plan

    In this episode of The Tax Strategy Podcast, Lucas and Luna break down the 2026 estate tax exemption sunset—a provision set to cut the federal exemption from $13.61 million to roughly $6 million per person, effective January 1, 2026. They explain what the change means for wealthy families, how the portable exemption works between spouses, and why gifting before year-end could be a smart move. Lucas walks through the basics of federal estate taxes, including the 40 percent top rate, and contrasts the federal rules with varying state thresholds. They also touch on common misconceptions, like the myth that only billionaires pay estate taxes, and practical planning strategies, including annual exclusion gifts and irrevocable trusts. If you have assets approaching the exemption threshold or just want to understand the coming tax landscape, this episode offers a clear, jargon-free guide to navigating the 2026 estate tax cliff. #EstateTax #EstatePlanning #TaxPlanning #WealthTransfer #InheritanceTax #GiftTax #TaxCliff #2026Tax #EstateExemption #Trusts #EstateLawyer #FinancialPlanning #TaxStrategy #Finance #WealthManagement #FexingoBusiness #BusinessPodcast #TaxTips Keep every episode free: buymeacoffee.com/fexingo

    The 2026 Estate Tax Exemption Cliff and How to Plan

  5. 4d ago

    How the Qualified Business Income Deduction Works for Rental Properties

    If you own rental real estate, you might be leaving thousands on the table. In this episode, Lucas and Luna break down how the QBI deduction — the 20 percent pass-through deduction from Section 199A — applies to rental properties under the 2026 rules. They explain the two key paths: treating your rental as a trade or business versus relying on the safe harbor from the IRS. You'll learn what counts as 'significant services' — think substantial repairs, guest screening, and daily housekeeping — and why triple-net leases often disqualify you. They also discuss how the taxable income thresholds — around $197,000 for single filers and $394,000 for married filing jointly in 2026 — affect your deduction, and what happens when you exceed those limits. With the 2024 proposed regulations now finalized, the strict 250-hour rule for the safe harbor is here. Lucas and Luna give you a practical checklist to see if you qualify, and they run through a concrete example of a short-term rental host who nails the deduction. If you own rental property, this episode is your quick start to cutting your 2026 tax bill. #QBIDeduction #RentalProperties #Section199A #PassThroughDeduction #LandlordTaxes #ShortTermRental #AirbnbTaxes #IRS #TaxPlanning #TaxDeductions #RealEstateInvesting #RentalIncome #SmallBusiness #TaxStrategy #Finance #FexingoBusiness #BusinessPodcast #TaxTips Keep every episode free: buymeacoffee.com/fexingo

    How the Qualified Business Income Deduction Works for Rental Properties

  6. 5d ago

    How the Home Office Deduction Works in 2026

    In this episode of The Tax Strategy Podcast, Lucas and Luna break down the home office deduction for 2026. They walk through the two calculation methods—the simplified option at five dollars per square foot and the actual expenses approach—and explain who qualifies under the exclusive and regular use tests. They discuss how the deduction interacts with the 2026 standard deduction, the impact on self-employment tax, and common pitfalls like depreciation recapture. With a focus on a specific example—a freelance graphic designer claiming 200 square feet—they show how the simplified method saves time and money. The hosts also touch on how remote employees usually can't claim the deduction, and why it's crucial to track expenses even if you use the simplified method. A practical episode for anyone who works from home and wants to maximize their tax savings without triggering an audit. #HomeOfficeDeduction #TaxPlanning #SelfEmployed #SmallBusiness #Deductions #Tax2026 #FreelancerTaxes #TaxStrategy #IRS #SimplifiedMethod #ActualExpenses #Finance #FexingoBusiness #BusinessPodcast #TaxTips #RemoteWork #DepreciationRecapture #TaxSavings Keep every episode free: buymeacoffee.com/fexingo

    How the Home Office Deduction Works in 2026

  7. 6d ago

    How Charitable Remainder Trusts Cut Your 2026 Tax Bill

    In this episode, Lucas and Luna explore charitable remainder trusts as a powerful 2026 tax strategy. They break down how a CRT lets you donate appreciated assets, avoid immediate capital gains, and secure a lifetime income stream. Using a concrete example with $500,000 in appreciated stock, they walk through the mechanics, the tax math, and the key IRS rules, including payout rates and the 10% remainder requirement. They also weigh the pros and cons, discuss who benefits most, and compare CRTs with donor-advised funds and direct donations. By the end, you'll understand how a CRT can be a win-win for your portfolio and a cause you care about, plus when it might not be worth the complexity. The episode also touches on how listener support keeps the podcast ad-free, with a nod to buy me a coffee dot com slash fexingo. #CharitableRemainderTrust #CRT #TaxPlanning #CapitalGains #AppreciatedAssets #CharitableGiving #IncomeStream #IRS #TrustLaw #EstatePlanning #TaxDeduction #DonorAdvisedFund #WealthManagement #Finance #Business #FexingoBusiness #BusinessPodcast #TaxStrategy Keep every episode free: buymeacoffee.com/fexingo

    How Charitable Remainder Trusts Cut Your 2026 Tax Bill

  8. Aug 12

    How Tax-Loss Harvesting Lowers Your 2026 Capital Gains

    Lucas and Luna dive into tax-loss harvesting, the year-end strategy that turns investment losses into tax savings. They explain how selling losing positions to offset capital gains works under 2026 rules, walk through the wash-sale rule that traps many investors, and show why the strategy is especially valuable in a volatile market like the one we've seen in 2026. With a detailed example of a $15,000 loss and a $10,000 gain, they clarify the $3,000 annual income deduction limit and how unused losses carry forward. They also address common pitfalls, including inadvertently triggering the wash-sale rule on reinvested dividends, and offer practical guidance on harvesting losses in tax-advantaged accounts like IRAs. Whether you're a seasoned investor or just starting to build a portfolio, this episode gives you the tools to make tax-loss harvesting work for you before the year ends. #TaxLossHarvesting #CapitalGains #WashSaleRule #2026Taxes #TaxPlanning #Investing #Finance #WealthManagement #TaxStrategy #YearEndPlanning #StockMarket #TaxDeduction #IRAs #PortfolioManagement #FexingoBusiness #BusinessPodcast #TaxTips #PersonalFinance Keep every episode free: buymeacoffee.com/fexingo

    How Tax-Loss Harvesting Lowers Your 2026 Capital Gains
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About

Lucas and Luna dissect the U.S. tax code with surgical precision, focusing on federal and state tax strategies for high-earning professionals, small business owners, and independent contractors. Each episode examines a specific deduction or credit — from Section 199A qualified business income deductions to cost-segregation studies for real estate investors — and walks through real-dollar examples using publicly available IRS forms and case law. Lucas, with his fountain pen and tweed blazer, highlights the fine print in tax regulations while Luna, in her structured slate blazer, cross-references actual taxpayer scenarios. They avoid generic advice, instead comparing strategies like bunching itemized deductions versus taking the standard deduction, or weighing the benefits of a solo 401(k) against a SEP IRA. The show serves listeners who want to minimize their tax liability legally, without relying on gimmicks. You'll leave each episode with a specific, actionable tactic — but also an understanding of the trade-offs. Is that home-office deduction really worth the audit risk? Should you accelerate depreciation on your rental property? Lucas and Luna don't just answer — they show you the numbers. #TaxStrategy #TaxPlanning #TaxDeductions #IRS #CPATips #SmallBusinessTax #RealEstateTax #Solo401k #Section199A #CostSegregation #ItemizedDeductions #AuditRisk #TaxCode #Finance #FexingoBusiness #BusinessPodcast #PersonalFinance #TaxSavings Keep every episode free: buymeacoffee.com/fexingo

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