How the One Big Beautiful Bill's Deductions Save Retirees at Tax Time!

Описание: Discover how the One Big Beautiful Bill can save you money on taxes as a retiree! Jim, a DIY Retiree, breaks down the standard deductions and temporary bonus deductions that could benefit you, including an additional $4,000 standard deduction bonus for seniors. It doesn't deliver "No Tax on Social Security!" But it helps!

🔗Links to share:

https://www.wsj.com/personal-finance/...

https://www.irs.gov/help/ita/are-my-s...

https://www.kff.org/tracking-the-medi...

⏰Timestamps

00:00 Intro
00:57 WSJ article on No Tax on Social Security vs. the OBBB bill
04:10 How much of Social Security is taxable?
05:30 A review of a Sample Senior Couple
07:02 What’s in the OBBB?
08:25 Updated table of tax savings
09:55 ACA changes in the tax bill
10:37 Use KFF.org to track changes

Keywords: DIY Retiree, One Big Beautiful Bill, standard deductions, temporary bonus deductions, Social Security, tax savings, ACA changes, KFF.org, tax bill, senior benefits, retirement benefits.


Here's my standard warning: I'm not a financial planner. I'm not a professional. There are no initials after my name. So take these as entertaining ideas from an educated DIY retiree. Always do your own due diligence, and seek out a professional if you need one.

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