"One Big Beautiful Bill" at Year-End: Tax Considerations

With the passage of the One Big Beautiful Bill Act earlier this year, the tax landscape has shifted significantly for 2025 and beyond. In this episode of Purposeful Planning, we explore the expiring tax credits you need to act on before year-end, the new opportunities for tax savings, and changes that could affect everyone from retirees to small business owners. Whether you're planning for estate transfers or maximizing deductions, understanding these changes is crucial for effective year-end tax planning.  Sources:   https://www.irs.gov/credits-deductions/residential-clean-energy-credit  https://www.irs.gov/credits-deductions/energy-efficient-home-improvement-credit  https://www.irs.gov/credits-deductions/businesses/sustainable-aviation-fuel-credit  https://bradfordtaxinstitute.com/Content/How-the-OBBBA-Impacts-Your-AMT-Risk-Starting-in-2026.aspx https://www.hartfordfunds.com/insights/investor-insight/navigating-longevity/social-security/the-obbbas-new-social-security-deduction-what-it-really-means-for-retirees.html https://smartasset.com/taxes/trumps-plan-to-eliminate-the-state-and-local-tax-deduction-explained  https://www.usatoday.com/story/money/2025/08/30/trump-accounts-1000-one-big-beautiful-bill/85855571007/  https://www.laboremploymentlawblog.com/2025/07/articles/employee-benefits/what-employers-should-know-about-the-one-big-beautiful-bill-act-obbba/#:~:text=Bonus%20depreciation%20is%20a%20tax,in%20long%2Dterm%20capital%20planning.  The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice. Aspen Wealth Management is a registered investment advisor with the SEC. This recorded posting utilizes AI generated voiceovers. While the Firm strictly prohibits the use of AI for advisory activities constituting investment advice, financial plans, portfolio analysis and management, and reporting, the use of AI for other purposes, such as voiceovers, is permitted and utilized for the firm’s recordings.  Hosted on Acast. See acast.com/privacy for more information.