#112 - The Tax Strategies Every Pilot Should Know in 2025 with Thomas Castelli

Passive Income Pilots

In this episode, Tait Duryea and Ryan Gibson welcome CPA Thomas Castelli of Hall CPA to break down the latest tax developments affecting high-income earners. From the potential return of 100% bonus depreciation to how the real estate professional status works in practice, Tom shares key strategies to help you keep more of what you earn. Whether you're flying the line or growing your rental portfolio, this episode delivers practical advice for optimizing deductions, structuring entities, and deciding when to hire a pro vs. going DIY.

Thomas Castelli is a CPA and partner at Hall CPA, specializing in strategic tax planning for real estate investors and business owners. With deep expertise in real estate professional status, bonus depreciation, and entity structuring, Tom helps high-income earners legally reduce their tax burden. In this episode, he brings timely insights on new legislation and actionable strategies tailored for pilots and investors.

Show notes:

(0:00) Intro

(02:52) Why this tax bill matters

(03:39) Return of 100% bonus depreciation

(06:38) Key highlights from the 2017 tax act

(10:32) Real estate professional status explained

(15:07) MAGA accounts and standard deduction

(19:51) Overtime and tip tax exemptions

(21:51) QBI deduction and entity structuring

(28:41) When to use a CPA vs TurboTax

(38:01) Outro

Connect with Hall CPA: https://bit.ly/HallCPA

Hall CPA - Passive Income Pilots 1-1 Tax Strategy Call: https://calendly.com/tax-smart-rei-plus/pip

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*Legal Disclaimer*

The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.