The One Big Beautiful Bill of 2025 created a brand-new deduction: up to $10,000 a year in interest on qualifying new auto loans. But it’s not for everyone.In this episode, Wayne Scully, CPA, and Vernon Mann, Esq., explain:✅ Who qualifies under the new law✅ Why the vehicle must be new and U.S.-assembled✅ Income phase-out rules✅ How to claim it — even if you don’t itemize✅ Common traps that could cost you the deductionThis deduction is only available from 2025 through 2028 — don’t miss your window.

In this episode of Black Pros on Money, Honey, V. Mann and Wayne Scully dive into SALT (State and Local Tax) workarounds—smart strategies that high-income individuals and business owners can use to reduce their tax burden. We explore the latest tax planning insights, common pitfalls, and practical tips to keep more of your hard-earned money. Whether you’re a seasoned entrepreneur or just starting out, these strategies could help you save big.

The Big Beautiful Bill of 2025 just quadrupled the SALT deduction cap — jumping from $10,000 to $40,000 through 2029. But high earners, don’t celebrate too fast: the benefits phase out once your income passes $500,000.In this episode of Black Pros on Money, Honey, co-hosts Vernon & Wayne break it all down:Who benefits most from the new SALT rulesHow the $500K+ phase-out worksTiming strategies to maximize your deductionsWhy homeowners and professionals in high-tax states still need careful planningWhat could happen when this provision sunsets in 2029🎧 Tune in to see if these changes could save you thousands

A groundbreaking new tax law signed on July 4, 2025 could change everything for service workers: tips may no longer be considered taxable income — if certain conditions are met.In this episode, Wayne Scully, CPA, breaks down:✅ What kinds of tips are now tax-free✅ Who qualifies under the new 2025 law✅ What employers need to know✅ Planning opportunities for workers in restaurants, salons, delivery, and beyondWhether you earn tips or manage tipped employees, this episode will help you make sense of the changes — and avoid costly mistakes.

In this episode of Black Pros on Money, Honey, Wayne Scully, CPA, and Vernon L. Mann, Esq. break down a little-known IRS enforcement tool: passport revocation due to serious tax debt.Yes, the IRS can block or revoke your passport if you owe too much—and many taxpayers don’t even know it until it’s too late.🎯 We break down:How much debt triggers passport actionWhat IRS notices to watch out forHow to resolve your case before it affects your right to travelReal talk on strategy, appeals, and client rightsWhat to do if your travel is already blockedIf you owe back taxes or represent clients who do, this is an episode you can’t afford to miss.🎧 Tap in and learn how to protect your freedom—financial and physical.