As practicing optometrists and finance enthusiasts, we’ve always emphasized that true financial freedom comes from understanding and leveraging our ever-changing financial landscape. With the newly signed 2025 tax law (an extension of the Trump Tax Cuts and Jobs Act provisions), we have a host of updates that can directly impact high-income optometrists like us.

Regardless of your political leanings, these tax changes present opportunities, and a few caveats that matter for your bottom line.

In this detailed article with factual citations, we’ll break down the key provisions of H.R. 1 (119th Congress): informally called the “One Big Beautiful Bill Act” (the Trump Tax Plan extension), and explain in first-person how each can affect your finances.

From managing student loans to maximizing tax deductions (and even saving on your phone bill), let’s dive into what you need to know. Hang tight because it is going to be a long one, but informative!