Keep it Simple

The Big Beautiful Bill Basics Explained | Keep It Simple Podcast with Joey Badinger


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The Big Beautiful Bill Basics Explained | Keep It Simple Podcast with Joey Bottinger

📌 Description

In this episode of the Keep It Simple Podcast, host Joey Badingerbreaks down the recently passed Big Beautiful Bill Act and what it means for taxpayers, families, seniors, business owners, and high-net-worth individuals. Recorded at Asset Builder headquarters in Plano, Texas, this short episode cuts through the complexity to give you clear, actionable takeaways in about 10 minutes.

You’ll learn how the new law affects:

  • Income tax brackets, deductions, and credits

  • Seniors’ tax benefits and enhanced deductions

  • Estate and gift tax exemptions for high-net-worth individuals

  • Business owners and the Section 199A deduction

  • Families, education planning, 529 plans, and ABLE accounts

  • “Trump Accounts” (Treasury Accounts) created for newborns

  • No tax on tips & overtime (through 2028)

    👉 If you have questions or want personalized guidance, contact our team at assetbuilder.com.

    ⏱️ Timestamps

    00:00 – Disclaimer & Introduction – Host Joey Badinger, Asset Builder Podcast

    01:00 – Overview of the Big Beautiful Bill Act
    02:00 – Tax provisions for all taxpayers (standard deduction, SALT cap, AMT, child tax credit, charitable deductions)
    04:00 – Senior benefits: $6,000 enhanced deduction through 2028
    05:00 – High-net-worth individuals: estate & gift tax exemption increases
    06:00 – Business owners: Section 199A 20% QBI deduction made permanent
    07:00 – “Trump Accounts” (Treasury Accounts) for children born 2025–2028
    09:00 – Comparing Trump Accounts vs 529 Plans & Roth IRA options
    10:30 – Updates to 529 Plans & ABLE Accounts
    12:00 – No tax on tips and overtime pay (through 2028)
    13:00 – Final thoughts & how to get advice from Asset Builder

    🔑 Keywords for Discovery

    Big Beautiful Bill Act explained, Joey Badinger podcast, Asset Builder Keep It Simple Podcast, tax changes 2025, Trump Accounts explained, SALT deduction 2025, estate tax exemption 30 million, Section 199A business deduction, 529 plan updates 2025, ABLE accounts tax benefits, no tax on tips 2028

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