The One Big Beautiful Bill Act just became law, and at 900 pages, it's longer than War and Peace. Adam Newman breaks down the key provisions that matter most to high net worth families.

We cover:

• How the new tax law compares to previous major legislation
• Permanent extension of 2017 tax cuts and current income brackets
• The expanded SALT deduction limit and income phase-outs
• New charitable giving rules for itemizers and non-itemizers
• The additional $6,000 deduction for taxpayers over 65
• Increased estate and gift tax exemptions
• Why annual tax planning is more important than ever

⏱️ Timestamps:

• (0:33) Introduction & New Tax Bill Signed Into Law
• (2:08) Tax Legislation in Recent History
• (4:52) Individual Income Tax Brackets Maintained
• (6:52) Increased SALT Deduction Limit
• (10:49) Charitable Giving Deduction Changes
• (15:32) Additional $6,000 Deduction for Taxpayers Over 65
• (21:22) Larger Lifetime Estate and Gift Tax Exemption
• (25:07) Next Steps: The Importance of Annual Tax Planning

#WealthManagement #TaxPlanning #EstatePlanning #RetirementPlanning #OBBBA

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