In this special collaboration episode of Amplified Wealth, Austin Hagaman joins According to Plan co-hosts, Tom Farrell and Kate Fishbein to explore major changes from the One Big Beautiful Bill Act (OBBBA) - and what they mean for your financial plan.

Episode Highlights:

👶 Trump Accounts – A New Tool for Kids:
Learn about this new tax-advantaged account designed for children under 18, including how to qualify, the $5,000 contribution cap, and when to expect availability.

🎁 Charitable Giving Under OB3:
Discover new guardrails around deductions starting in 2026, including floors, caps, and key timing considerations.

🧓 Bonus Senior Deduction Explained:
Starting in 2025, seniors may receive a valuable new deduction - up to $12,000 for qualifying couples. But income thresholds apply, and this benefit sunsets after 2028.

🏡 State and Local Tax (SALT) Relief:
OB3 temporarily raises the SALT deduction cap from $10K to $40K through 2029 - but with phaseouts for higher earners. Learn how to maximize your deduction before it’s gone.

From planning for the next generation to maximizing deductions today, this episode is packed with timely tax strategies.

Timestamps:
00:00
Cold Open and Introduction
02:25
Understanding Trump Accounts
08:00
Trump Accounts - Investment Strategies and Compounding Benefits
19:25
Understanding the New Senior Deduction
24:50
Navigating Charitable Deduction Changes
36:30
Temporary Increase in SALT Deductions
51:20
SALT Deduction - Income Phaseouts
59:50

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