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President Trump's "One Big Beautiful Bill Act" brings major tax changes, with some even scheduled to start this tax year. In this video, I break down the 9 most important provisions that could impact your finances, including:-Permanent TCJA tax rates and standard deductions-$6,000 senior bonus deduction (with income limits)-SALT deduction increase to $40,000-Estate tax exemption boost to $15M per person-New charitable deduction for non-itemizers-Trump Accounts: $1,000 government-funded investment accounts for newborns-Expanded HSA access through ACA bronze plans-Roth conversion strategies remain intactWhether you're planning for retirement, or already in retirement, these changes will have an impact on your tax and retirement planning. For personalized financial planning help, you can book a call with me at https://forthrightfinances.com/start-my-retirement/
By Scott Newhouse5
66 ratings
President Trump's "One Big Beautiful Bill Act" brings major tax changes, with some even scheduled to start this tax year. In this video, I break down the 9 most important provisions that could impact your finances, including:-Permanent TCJA tax rates and standard deductions-$6,000 senior bonus deduction (with income limits)-SALT deduction increase to $40,000-Estate tax exemption boost to $15M per person-New charitable deduction for non-itemizers-Trump Accounts: $1,000 government-funded investment accounts for newborns-Expanded HSA access through ACA bronze plans-Roth conversion strategies remain intactWhether you're planning for retirement, or already in retirement, these changes will have an impact on your tax and retirement planning. For personalized financial planning help, you can book a call with me at https://forthrightfinances.com/start-my-retirement/

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