EPS 48 - One Big Beautiful Bill: Last-Chance Tax Breaks Before 2026

Congress just passed what they’re calling the “One Big Beautiful Bill” — and 2025 is officially your do-it-now year for tax planning.In this solo episode, Jerry breaks down what everyday listeners (especially seniors, working families, and folks living on tips or overtime) need to know before big changes hit in 2026. We’ll talk about the new $6,000 senior deduction, how charitable giving is going to get less generous, what “no tax on tips and overtime” really means, and why reporting all your income still protects your future Social Security and your ability to qualify for a mortgage.Jerry also walks through the temporary $10,000 car-loan interest deduction, child tax credit improvements, energy credits that end after 2025, and advanced topics like opportunity zones, Trump accounts for kids, and estate & gift planning for higher-net-worth listeners.Finally, we wrap with a practical year-end checklist: funding IRAs and 401(k)s, watching out for wash sale rules, taking required minimum distributions, and using these rules to educate, empower, and enlighten your own money decisions.SEO Tags / Keywords:tax changes 2026$6,000 senior tax deductionno tax on tips and overtime rulesovertime income tax deductioncar loan interest deduction $10,000child tax credit 2025–2026Trump accounts children’s savingsopportunity zones and capital gainsRoth IRA and traditional IRA contributions 2025Roth conversions and backdoor RothsRMD rules age 73tax loss harvesting and wash sale ruleLGBTQ personal finance podcastPink Money Podcast Jerry Williams💬 Have a question or comment? Contact Jerry here