How Does ONE BIG BEAUTIFUL BILL Affects Your Taxes!

Описание: ✔️ ✔️ I’m Merrill Taylor, CPA, and in this video I break down the biggest tax law changes from the “One Big Beautiful Bill” and explain how they affect individuals and families. You’ll learn what’s permanent, what’s temporary, and the planning moves you can make so you don’t leave money on the table.

Here’s what I cover:

✔️ Permanent lower tax brackets from the 2017 Tax Cuts and Jobs Act
✔️ Estate & gift tax exemption increase (to $15M per person / $30M per couple in 2026)
✔️ SALT deduction cap raised to $40K (2025–2029) before reverting back to $10K
✔️ New deductions for tips (up to $25K), overtime, and auto loan interest (2025–2028)
✔️ $6,000 Social Security deduction for seniors 65+ (2025–2028)
✔️ Expanded Child Tax Credit ($2,200 per child, inflation-adjusted starting 2026)
✔️ New “Trump Accounts” for children born 2025–2028 ($1,000 federal seed deposit)
✔️ Clean energy and EV credits phasing out (solar, home energy upgrades, electric vehicles)
✔️ Planning strategies like bunching deductions, timing property taxes, and maximizing credits before they expire

📺 Watch now if you want a clear, professional explanation of how these new tax rules work and how to plan for them

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