EP 127 - The Hidden Limits To Tax Deductions (and How The Wealthy Work Around Them) The Mark Perlberg CPA podcast

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EP 127 - The Hidden Limits to Tax Deductions (and How the Wealthy Work Around Them)

1d ago 29:09

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You’ve heard the stories: jets written off, million‑dollar refunds, zero taxes on millions in income. But are those strategies fundamental? And more importantly, do they apply to you?
In this video, Mark Perlberg (CPA + Tax Strategist) breaks down the truth about these “too good to be true” tax moves. He pulls back the curtain on deduction limitations, capital loss traps, passive vs. active income strategies, and how the wealthy legally reduce their tax bills, sometimes to zero.
You’ll learn:
• Why many tax hacks don’t apply to W‑2 earners
• The $630,000 business loss cap (and how to use it)
• How high earners stack real estate + charitable + credit strategies
• What most tax pros miss about timing, phaseouts, and AGI targeting
• Workarounds for SALT deductions, basis limitations, and more
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00:00 - Why You’re Here (Jets, $0 Taxes & Big Claims)
00:22 - Truth Bomb: Why It Doesn’t Work for You
00:40 - What Are Deduction Limitations?
01:30 - What You Can & Can’t Deduct
02:22 - There *Are* Legal Strategies
02:44 - Free Checklist & Custom Tax Report
03:30 - The $630K Business Loss Cap
04:56 - W‑2 vs Real Estate Write‑Offs
06:03 - Real Estate Capital Gains vs Stock Losses
07:12 - Charitable Deductions: 60% AGI Rule
08:15 - How the Wealthy Give & Win
09:56 - Qualified Business Income (QBI) Deduction Explained
11:14 - High Earners? Why You Lose QBI
12:32 - State & Local Tax Deduction (SALT Cap)
13:27 - Bonus Depreciation & State Misalignment
13:48 - Entity Structure & Basis Limits (S-Corp, Partnerships)
15:37 - When You Can’t Use Your Losses
17:12

Chapters

1. Shiny Tax Myths Versus Reality (00:00:00)

2. What Deduction Limits Actually Mean (00:02:45)

3. Excess Business Loss Caps For W‑2 Earners (00:03:36)

4. Using Losses Against W‑2 And Capital Gains (00:05:13)

5. Capital Losses, Netting, And Carryforwards (00:06:12)

6. Charitable Deductions And AGI Limits (00:07:01)

7. QBI: Phaseouts And Pitfalls (00:10:03)

8. SALT Cap, State Conformity, And Bonus Depreciation (00:12:32)

9. Basis And At‑Risk Limits In S Corps And Partnerships (00:13:45)

10. Timing Strategies To Maximize Losses (00:17:03)

11. The Passive Loss Trap In Real Estate (00:19:33)

12. SALT Workarounds And PTE Elections (00:22:05)

13. Managing Stock Gains And Opportunity Zones (00:23:22)

14. Layering Strategies: Charitable, Credits, Solar (00:24:25)

15. Key Takeaways And Next Steps (00:27:20)

127 episodes

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