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.

In this episode of Black Pros on Money, Honey!, your favorite tax experts break down a topic many people think is only for the wealthy — trusts. Wayne Scully, CPA, joins Tax Master Attorney to bust myths and explain how everyday people with modest assets can still benefit from setting up a trust. Whether you're protecting your home, caring for your kids, or just planning ahead, this episode will show you why a trust isn’t just for millionaires.💡 Top Tax Topic: Creating a trust on a budget👥 Guest: Wayne Scully, CPA — Real Estate Pro & Tax Strategist📌 Key Takeaways:What a trust is and what it isn’tHow much money you actually need to start oneWhy even renters or folks without kids should careReal-life examples of how trusts protect families and assets🎧 Tap in and level up your tax game — because “none of us are smarter than all of us.”

Welcome to Black Pros On Money Honey This is the show Where None of Us Are Smarter Than All of Us!Today's episode is about Tax Resolution Companies Part 1Listen to this show if you'd like to know how to manage your expectations when it comes to Tax Resolution Companies