BREAKING: Trump's 'Big, Beautiful Bill' Passed - Major Changes to Tips, Overtime, and Deductions
Автор: Sullivan & Grantham, PLLC
Загружено: 2025-07-11
Просмотров: 54
Описание:
This historic legislation introduces sweeping tax cuts aimed at working Americans, including new exemptions for tips and overtime, expanded deductions for seniors, and incentives for clean energy upgrades. In this video, we break down what’s in the bill, who qualifies, and how it could impact your paycheck, your family, and your future. Whether you're a worker, retiree, or small business owner, this is what you need to know.
00:00 – Introduction
00:53 - QBI Deduction
01:45 – Auto Loan Interest Deduction
02:31 – Trump Savings Accounts
03:36 – No Tax on Tips
04:50 – No Tax on Overtime
05:45 – State & Local Tax (SALT) Cap
07:06 – Senior Deduction
07:48 – Child Tax Credit
08:30 – Tax Brackets & Standard Deduction
09:11 – State Income Tax Exemption
10:03 – QSBS (Qualified Small Business Stock) Tax Exemption
10:33 – Clean Energy Incentives
10:59 – Conclusion
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