Ep47 New Tax Law in effect- Part 1 on the OBBBA

A new tax law was signed on July 4th and this episode is Part 1 of the OBBBA. I will share what we know so far for individuals and some important takeaways. You can find more information on the OBBBA here: IRS Guide to OBBBAIRS has released the tax inflation adjustments for 2025: https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2025You will find a summary of the OBBBA facts here under the Individual Taxation TabSend us Fan MailSupport the showFeel free to reach out to Your Financial Maven® at www.yourfinancialmavenpodcast.com⁠. I would love to hear from you about your money story or insights!Do you want to me a be a guest on Your Financial Maven®? Click here to fill out the Guest Inquiry form.Become a Supporter by the furthering of Financial Education Empowerment and get a shout out in an upcoming episode: YFM+ Supporter_______________________________________________________The purpose of this podcast is to provide general information on the subjects discussed. It is for educational, informational, and entertainment purposes only. It is not meant to resolve your specific financial needs or situations. Please consult with your CPA, tax, or financial professionals.Your Financial Maven® is produced and hosted by Samantha M. Besnoff, CPA. Editing by Kris Zarnoch of ⁠KMZen Creative. Music written, composed, and performed by Daniel Shore