EPISODE · Jul 12, 2025 · 51 MIN
One Big Beautiful Bill & You
from Winning in Retirement · host Akers Financial Group
Send us Fan MailBrian Akers and Paul Franco discuss the impact of the new tax law, referred to as the "one big beautiful bill," signed on July 4, 2025. They highlight key provisions such as the permanent extension of the Tax Cut and Jobs Act's tax brackets, the introduction of a temporary senior personal exemption for those aged 65 and older, and the increase in the state and local tax (SALT) deduction cap to $40,000 for incomes below $500,000. They also cover the tax deductibility of tips and overtime, the potential car loan interest deduction, and the new Trump account for children born between 2024 and 2028. The emphasis is on the importance of financial planning and reviewing one's financial situation in light of these changes.
What this episode covers
Send us Fan Mail Brian Akers and Paul Franco discuss the impact of the new tax law, referred to as the "one big beautiful bill," signed on July 4, 2025. They highlight key provisions such as the permanent extension of the Tax Cut and Jobs Act's tax brackets, the introduction of a temporary senior personal exemption for those aged 65 and older, and the increase in the state and local tax (SALT) deduction cap to $40,000 for incomes below $500,000. They also cover the tax deductibility of tips a...
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One Big Beautiful Bill & You
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