WCI #53: Tax Cut and Jobs Act Pass Through Deduction
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 13 May 2018
⏱️ 30 minutes
🧾️ Download transcript
Summary
There is a new deduction for pass-through businesses such as sole proprietorships, LLCs, and S corporations. However, this deduction is specifically limited for physicians and similar professionals who have a taxable income of more than $157,500 ($315,000 if married). This episode we talk about the Tax Cut and Jobs Act pass through deduction as well as answer a whole bunch of questions from readers.
At some point in our financial lives, it will be time to buy a home. A physician mortgage can be a good vehicle for a young doctor who's just out of school and has a more effective place to use their money than on a big down payment. These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment than a conventional mortgage. But if you're further advanced in your career or deeper into your journey to financial freedom, buying a home with a conventional mortgage and then, later on, potentially refinancing that loan to a better rate with a shorter time frame could be a great move. Wherever you are in your financial journey, make sure you use the mortgage that will be most financially beneficial for you. Hop over to our recommended tab to learn more about all of your mortgage and refinancing options at https://www.whitecoatinvestor.com/mortgage. You can do this and The White Coat Investor can help.
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!
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Transcript
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| 0:00.0 | This is the White Coat Investor Podcast, where we help those who wear the white coat get a fair shake on Wall Street. |
| 0:06.0 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
| 0:12.0 | Here's your host, Dr. Jim Dolly. |
| 0:14.0 | Welcome back to the White Coat |
| 0:21.0 | Cote Investor, Podcast Podcast and Video Cast. |
| 0:23.2 | That's right, this is on YouTube too. |
| 0:25.7 | We're down here in the White Coat Investor Studio, |
| 0:29.2 | audio video studio in my basement, |
| 0:31.6 | recording this, and today I'm going to wear my most comfortable |
| 0:34.6 | hoodie sweatshirt and if my wife finds out I'm putting YouTube clips up wearing |
| 0:39.4 | this I'm going to be in trouble so don't tell her. Today we're going to talk |
| 0:42.4 | about the Tax Cut and Jobs Act |
| 0:44.3 | pass through deduction as well as answer a whole bunch of questions from readers. |
| 0:48.9 | At some point in our financial lives it will be time to buy a home. A physician mortgage can be a good vehicle for a young doctor who's just out of school |
| 0:56.6 | and has a more effective place to use their money than on a big down payment. |
| 1:00.3 | These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment than a conventional mortgage. |
| 1:06.0 | But if you're further advanced in your career, deeper into your journey to financial freedom, |
| 1:10.0 | buying a home with a conventional mortgage and then later on, potentially refinancing |
| 1:14.4 | that loan to a better rate with a shorter time frame could be a great move. |
| 1:18.6 | Wherever you are in your financial journey, make sure you use the mortgage that will be most financially beneficial for you. |
| 1:24.0 | Hop over to our recommended tab to learn more about all of your mortgage and refinancing options |
| 1:28.8 | at whitecoat investor.com slash mortgage. |
... |
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