Mach 1 Market Moment Podcast
Top 10 Things You Should Know About the One Big Beautiful Bill
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:22:48
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Sinopsis
This week, Matt, John, and Isaac, dive deep into the groundbreaking "One Big Beautiful Bill" — a sweeping piece of legislation that could reshape your taxes, savings, and financial future. Whether you're a taxpayer, parent, senior, or business owner, these top 10 highlights are essential listening. Here's what's inside the bill (and this episode): 1️⃣ Individual Income Tax Rates Made Permanent – The TCJA tax brackets (10%-37%) are now here to stay. 2️⃣ Higher Standard Deduction Made Permanent – $31,500 for joint filers, $15,750 for singles starting 2025. 3️⃣ Estate & Gift Tax Exemptions Increased – Up to $30M for couples, inflation-adjusted. 4️⃣ SALT Deduction Cap Raised – Increased to $40,000 in 2025 with phaseouts and future reductions. 5️⃣ New Senior Tax Deduction – $6,000 for those 65+ with moderate incomes (2025–2028). 6️⃣ Tip Income Deduction – Deduct up to $25,000 in tip income (phases out at higher incomes). 7️⃣ Overtime Tax Break – Deduct OT pay: $25K (married) / $12.5K (single), 20