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. 1h ago

    How the Tax Cuts and Jobs Act Sunset Reshapes Your 2026 Return

    The Tax Cuts and Jobs Act sunsets at the end of 2025. In this episode, Lucas and Luna walk through how that changes your 2026 tax return — lower standard deduction, lost personal exemptions, reduced child tax credit, and the return of the state and local tax deduction cap. They focus on a real middle-income family scenario: a couple with two kids earning $120,000 in Atlanta. Compare their 2025 tax bill under current law with what they'd owe in 2026 if Congress lets provisions expire. Specific numbers: the standard deduction drops from $30,000 to about $15,000 (married filing jointly). The child tax credit falls from $2,000 per child to $1,000. The mortgage interest deduction limit reverts from $750,000 to $1 million. State and local tax deduction caps stay at $10,000. The episode explains which expiration is definite and which might be extended, and offers one concrete planning move: accelerating deductions into 2025. #TaxCutsAndJobsAct #TCJASunset #TaxPlanning2026 #StandardDeduction #ChildTaxCredit #SALTCap #MortgageInterestDeduction #PersonalExemption #TaxBrackets #MiddleClass #FamilyTax #Atlanta #Georgia #Congress #IRS #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

    9 min

  2. 13h ago

    How the Kiddie Tax Catches Your Child's Investment Income

    Lucas and Luna unpack the kiddie tax—a rule that taxes a child's unearned income above $2,800 at the parent's marginal rate, not the child's lower rate. They use a concrete example: a 14-year-old with $5,000 in dividend income from a custodial account. Lucas explains the $2,800 threshold for 2026, why the rule exists to prevent income shifting, and how it interacts with the new 2025 tax brackets after the TCJA sunset. Luna asks about UTMA accounts, Form 8615, and whether college savings plans are affected. They also cover the trust-tax-rate alternative for 2026 and a practical tip: timing dividend distributions or selling growth stocks after age 18. No prior tax knowledge assumed, but listeners will walk away knowing exactly how to check if their child owes kiddie tax this year. #KiddieTax #ChildInvestmentIncome #Form8615 #UTMA #CustodialAccount #2026TaxBrackets #TCJASunset #TrustTaxRates #UnearnedIncome #TaxPlanning #FamilyTaxStrategy #DividendTax #CapitalGains #Finance #TaxStrategy #FexingoBusiness #BusinessPodcast #LucasAndLuna Keep every episode free: buymeacoffee.com/fexingo

    14 min

  3. 1d ago

    How the Nanny Tax Works for Household Employees in 2026

    Lucas and Luna tackle the so-called 'nanny tax' — the IRS rules for household employees like nannies, elder caregivers, and house cleaners. They walk through the $2,800 threshold for 2026, what forms you need (Schedule H, W-2, W-3), and the Social Security and Medicare tax split. Lucas explains why many families accidentally misclassify workers as independent contractors and the penalties that follow. Luna shares a story about a friend who got a notice three years after hiring a part-time caregiver. They also cover the state-level complications, including unemployment insurance and paid family leave contributions. By the end, listeners will know exactly when they become a household employer and how to stay compliant without overpaying. #NannyTax #HouseholdEmployee #ScheduleH #TaxCompliance #PayrollTax #IRS #FICA #EmployerTax #Misclassification #IndependentContractor #W2 #W3 #SSN #StateUnemploymentTax #PaidFamilyLeave #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

    6 min

  4. 1d ago

    How the Crypto Wash Sale Rule Works in 2026

    Episode 61 of The Tax Strategy Podcast breaks down the 2026 crypto wash sale rule. Lucas and Luna explain how the IRS now treats digital asset losses the same as stock losses, using a concrete example of a trader who tried to harvest losses on Bitcoin and Ethereum. They cover what changed, what didn't change for spot vs. derivatives, and how the rule affects year-end tax planning. No generic advice — just the specific mechanics and one surprising loophole for foreign exchanges. If you trade crypto, this episode saves you from a common audit trigger. #Crypto #WashSaleRule #TaxLossHarvesting #IRS #Bitcoin #Ethereum #DigitalAssets #TaxPlanning #CapitalGains #InternalRevenueCode #FexingoBusiness #BusinessPodcast #Finance #TaxStrategy #NFTA #DeFi #CryptoTrader #TaxAudit Keep every episode free: buymeacoffee.com/fexingo

    9 min

  5. 2d ago

    How the Tax Cuts and Jobs Act Sunset Reshapes Your 2026 Return

    Episode 60 of The Tax Strategy Podcast breaks down the pending expiration of key Tax Cuts and Jobs Act provisions at the end of 2025 — and what that means for your 2026 return. Lucas and Luna walk through the specific changes hitting itemized deductions, the child tax credit, the estate tax exemption, and the qualified business income deduction. They explain why the standard deduction won't revert to pre-TCJA levels, how the personal exemption returns, and why the AMT landscape flips. If you have a mortgage over $750,000, a side business, or an estate above $5 million, this episode gives you a practical checklist for the next six months. No panic, just planning. #TaxCutsAndJobsAct #TCJASunset #2026TaxChanges #ItemizedDeductions #ChildTaxCredit #EstateTaxExemption #QualifiedBusinessIncome #StandardDeduction #AMT #TaxPlanning #PersonalExemption #SALT #MortgageInterest #TaxStrategy #Finance #FexingoBusiness #BusinessPodcast #TaxPodcast Keep every episode free: buymeacoffee.com/fexingo

    10 min

  6. 2d ago

    The Unreimbursed Partnership Expense Trap for Side Hustlers

    This episode of The Tax Strategy Podcast uncovers a little-known IRS rule that disallows unreimbursed partnership expenses — costs you pay out of pocket for a partnership or multi-member LLC that you can't deduct as a business expense and can't claim as an itemized deduction either. Lucas and Luna walk through a real-world example: a freelance graphic designer and a web developer who form a 50-50 partnership to launch a subscription design service. The designer spends $8,000 on software licenses and a dedicated laptop before the venture generates revenue, expecting to deduct those costs against partnership income. But the IRS treats those payments as capital contributions, not deductible expenses, and the partnership's tax return misses the write-off entirely. The episode explains the UPE trap, why it catches so many small business owners in 2026, and the two workarounds: an accountable plan or a partnership agreement amendment that requires reimbursement. Specific, actionable, and timely for anyone running a side hustle with a co-founder. #UnreimbursedPartnershipExpenses #PartnershipTax #SideHustleTax #LLCTax #SmallBusinessDeductions #AccountablePlan #PartnershipAgreement #IRSRules #TaxStrategy #SelfEmploymentTax #BusinessExpenses #TaxPlanning #MultiMemberLLC #Finance #BusinessPodcast #FexingoBusiness #TaxStrategyPodcast #Podcast Keep every episode free: buymeacoffee.com/fexingo

    8 min

  7. 3d ago

    How the Child Tax Credit Phase-in Works in 2026

    Episode 58 of The Tax Strategy Podcast digs into the Child Tax Credit's phase-in rules for 2026. Lucas and Luna explain how the credit's refundable portion gradually increases with earned income above $2,500, using a concrete example of a single mom earning $18,000. They walk through the formula, contrast it with the fully refundable credit from 2021, and discuss how the phase-in affects low-income families who need the credit most. The conversation also touches on planning strategies like timing earned income to maximize the refundable amount. A must-listen for tax pros, parents, and anyone filing with children in 2026. #ChildTaxCredit #TaxCredits #RefundableCredit #PhaseIn #TaxPlanning #FamilyTax #LowIncomeTax #EarnedIncome #TaxStrategy #IRS #2026Tax #Refund #TaxRefund #Filing #Parents #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

    12 min

  8. 3d ago

    The Secret Tax Break for Rental Property Owners

    In this episode, Lucas and Luna dive into the cost segregation study—a tax strategy that lets real estate investors accelerate depreciation on commercial and residential rental properties. They break down how this technique reclassifies building components into shorter-lived asset categories, generating bigger upfront deductions and deferring taxes. Using a concrete example of a $1.5 million apartment building, they show how a cost segregation study can produce a net present value benefit of over $200,000. They also cover the IRS guidelines, the role of engineering-based studies, and the risks of triggering depreciation recapture upon sale. A must-listen for landlords, real estate investors, and anyone curious about optimizing their tax strategy. #CostSegregation #Depreciation #RealEstateInvesting #TaxStrategy #RentalProperty #IRS #MACRS #BonusDepreciation #TaxDeduction #CapitalCostAllowance #Landlords #PropertyInvestors #AcceleratedDepreciation #TaxDeferral #Finance #FexingoBusiness #BusinessPodcast #TaxPlanning Keep every episode free: buymeacoffee.com/fexingo

    10 min
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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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