{"id":95581,"date":"2025-02-18T13:33:12","date_gmt":"2025-02-18T13:33:12","guid":{"rendered":"https:\/\/peraltafinancing.com\/accounting\/what-trumps-win-means-for-taxes\/"},"modified":"2025-02-18T13:33:12","modified_gmt":"2025-02-18T13:33:12","slug":"what-trumps-win-means-for-taxes","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=95581","title":{"rendered":"What Trump\u2019s Win Means for Taxes"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><iframe loading=\"lazy\" title=\"Trump Tax 1\" width=\"840\" height=\"473\" src=\"https:\/\/www.youtube.com\/embed\/UfjB2W7QirY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-contrast=\"auto\">A question on the minds of many Americans is, \u201cWhat does Trump intend to do about taxes?\u201d now that he has taken office.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">With the post-election furor, many individuals and businesses have been in a holding pattern waiting to see how <\/span><a href=\"https:\/\/www.sjgorowitz.com\/tax\/\"><span data-contrast=\"none\">income taxes and other taxes<\/span><\/a><span data-contrast=\"auto\"> may be affected. During this time, there is uncertainty about legislative priorities and timelines. Businesses and individual taxpayers must wait while policies are debated.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Not knowing what the future will bring, let\u2019s look at what we know so far about market responses to Trump\u2019s election:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">The stock market has responded well<\/span><\/b><span data-contrast=\"auto\">. NASDAQ and most stock markets have been hitting all-time highs, indicating that the market perceives that Trump\u2019s approach is going to be very <\/span><a href=\"https:\/\/www.sjgorowitz.com\/business-advisory\/\"><span data-contrast=\"none\">business friendly<\/span><\/a><span data-contrast=\"auto\"> and economically friendly \u2013 therefore, we can expect tax-friendly policies.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Crypto has taken off<\/span><\/b><span data-contrast=\"auto\">. While <\/span><a href=\"https:\/\/www.sjgorowitz.com\/technology\/\"><span data-contrast=\"none\">cryptocurrency<\/span><\/a><span data-contrast=\"auto\"> prices are trending somewhat higher, the real surge has been in crypto\u2019s popularity. The excitement and activity around crypto centers on its potential as a reserve currency and the government\u2019s friendliness to crypto. We expect greater clarity around regulatory changes and tax reporting in the coming days.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:360,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Interest rates appear to be declining<\/span><\/b><span data-contrast=\"auto\">. We are now starting to see some interest rate declines from the Fed. Lower interest rates have positive implications for <\/span><a href=\"https:\/\/www.sjgorowitz.com\/unlocking-retirement-savings-to-fund-a-new-business\/\"><span data-contrast=\"none\">borrowing and investments<\/span><\/a><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">These indicators all portend a great economic future!<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">If S.J. Gorowitz Tax and Accounting Services can answer any of your questions about what Trump will mean for your tax situation, please contact us at 770.740.0797 or email info2@SJGorowitz.com.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<\/div>\n<p><script>!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '1251695275408462'); \nfbq('track', 'PageView');<\/script><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A question on the minds of many Americans is, \u201cWhat does Trump intend to do about taxes?\u201d now that he has taken office.\u00a0 With the post-election furor, many individuals and businesses have been in a holding pattern waiting to see how income taxes and other taxes may be affected. During this time, there is uncertainty [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":95582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11759],"tags":[7519,11097,11678,4666],"dealstore":[],"offerexpiration":[],"class_list":["post-95581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","tag-means","tag-taxes","tag-trumps","tag-win"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Trump\u2019s Win Means for Taxes - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=95581\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Trump\u2019s Win Means for Taxes - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"A question on the minds of many Americans is, \u201cWhat does Trump intend to do about taxes?\u201d now that he has taken office.\u00a0 With the post-election furor, many individuals and businesses have been in a holding pattern waiting to see how income taxes and other taxes may be affected. 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