The new Trump tax bill could bring major changes for high-income earners, especially physicians. In this episode, we break down what’s in the bill and how it might affect your finances. We cover key proposals, including the permanent extension of the 2017 Tax Cuts and Jobs Act and increases to the standard deduction. We also explore updates to estate planning limits, deductions for auto loans and overtime, and changes to Medicaid, SNAP, and student loan policies. If you're planning ahead for your financial future, this episode offers helpful insights to guide your next steps.

[00:11:24] Changes to the Standard Deduction and Tax Brackets
[00:19:51] Navigating Estate Planning, Gift Tax Exemptions, and Charitable Giving Strategies
[00:29:08] Breaking Down Auto Loan Interest, Overtime Pay, and QBI Deduction
[00:36:11] Understanding the Changes to the Child Tax Credit
[00:39:46] SALT Cap, Green Energy Rollbacks, Bonus Depreciation, and Safety Net Cuts
[00:51:46] Proposed Changes to Student Loan Forgiveness and IDR

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