EP 47: Major Tax Changes – Are You Prepared for the One Big Beautiful Bill?
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EP 47: Major Tax Changes – Are You Prepared for the One Big Beautiful Bill?
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Big changes are here - and they’re anything but simple. In this episode, we break down the sweeping tax reforms introduced under the “One Big Beautiful Bill Act” (OBBBA), signed into law on July 4th.
From extending lower tax brackets, expanding the standard deduction, and making major changes to charitable and itemized deductions to creating new deductions for tips, overtime, car loan interest, and even senior taxpayers, the OBBBA makes significant updates to the current tax code.
We’ll walk through what’s changing, what’s staying, and what it all means for your tax planning, charitable giving, and estate strategy. Whether you're a hard-working family seeking lower taxes, a small business owner navigating the tax complexities of owning a pass-through entity, or a high-net-worth family focused on legacy planning, we think you’ll enjoy this podcast episode. Thanks for listening!
For more details we recommend that you check out our blog post covering the same topic at https://pw-wm.com/learn/tax-planning/major-tax-changes-are-you-prepared-for-the-one-big-beautiful-bill/