One Big Beautiful Bill Act
#1 No Tax on Social Security
Is Social Security Taxable? In this video, Randy explains how the deductions can help make the statement, "No Tax on Social Security" seem true for you.
- Increased standard deductions
- Enhanced senior deductions
- The phase out
#2 New Standard Deduction
In this video, Randy explains how recent updates could impact your tax strategy:
- The New Standard Deduction has increased and is now permanent
- Enhanced Deductions for Seniors
- New opportunities to maximize charitable giving
Watch the full video to see how these changes may
affect you.
#3 SALT Deduction
Here is a 3-minute video from Randy explaining the latest changes to the SALT deduction (without pepper)!
- The SALT deduction has been raised to $40,000.
- You may be able to time property tax payments to maximize deductions.
- The higher deduction phases out at $500,000 of income.
#4 Low Tax Brackets
This bite out of the OBBBA is on the current LOW tax brackets and what the new law means for you.
In less than 2 minutes, Randy explains:
- The historically low rates now made permanent
- Why it’s a good time to plan around them (like Roth conversions)
#5 Tax Exemptions
In the fifth video of our OBBBA series, Randy explains how the new tax law provides estate tax exemptions and how that could benefit you.
#6 Trump Accounts
In the sixth video in our OBBBA series, hear Randy speak about Trump accounts and how they can affect you and your younger family members.
#7 No Tax on Tips or Overtime
In our seventh video in the OBBBA series, Randy speaks about:
- Not paying taxes on tips (up to $25,000)
- Not paying taxes on overtime (up to $25,000)
#8 Charitable Deductions
The eighth video in our OBBBA series focuses on the "above the line" charitable deductions you are able to make under the new tax bill. Listen to this 2 minute video to hear Randy take another bite out of the OBBBA.
#9 Charitable Floor
The OBBBA has more to say about charitable giving! In our ninth video in the OBBBA series, Randy explains a new "hurdle" that you may have to overcome.
#10 Auto Loan Interest Deductions
In the last and final video of our OBBBA series, Randy tackles the controversial auto loan interest deductions portion of the tax bill. Even though nobody likes debt, would this be a good option for you?