One Big Beautiful Bill Act: The New, The Good and The Bad

Описание: In this video, we’re breaking down the good, the new, and the bad tax provisions included in the One Big Beautiful Bill Act, or OBBB, through the lens of proactive tax planning.

This sweeping legislation reshapes major portions of the tax code, with significant implications for high-net-worth individuals, retirees, business owners, and families nationwide.

In this video, we cover:
(00:00) Intro
(00:28) About Us
(01:00) The Good Provisions
(01:07) Tax Brackets Made Permanent
(01:40) Higher Standard Deductions
(02:17) Qualified Business Income (QBI) Deductions
(03:00) Bonus Depreciation
(03:25) Estate Tax Exemption Increases
(04:03) The New Provisions
(04:23) Charitable Deduction for Non-Itemizers
(04:59) Elder Deduction
(05:38) SALT Deduction Cap Temporarily Increased
(06:15) Tip and Overtime Deductions
(06:59) Car Loan Interest Deduction
(07:38) The Bad Provisions
(07:54) Home Equity Loan Interest
(08:26) Clean Energy Credits
(08:57) Miscellaneous Itemized Deductions
(09:34) Casualty Loss Limitations
(10:10) Gambling Loss Deductions
(10:40) Bonus - Trump Accounts
(11:14) Closing Thoughts

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IMPORTANT DISCLOSURES:

Rhame & Gorrell Wealth Management, LLC (“RGWM”) is an SEC registered investment adviser with its principal place of business in the State of Texas. Registration as an investment adviser is not an endorsement by securities regulators and does not imply that RGWM has attained a certain level of skill, training, or ability. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own CPA or tax professional before engaging in any transaction. The effectiveness of any of the strategies described will depend on your individual situation and should not be construed as personalized investment advice. Past performance may not be indicative of future results and does not guarantee future positive returns.

For additional information about RGWM, including fees and services, send for our Firm Disclosure Brochures as set forth on Form ADV Part 2A and Part 3 by contacting the Firm directly. You can also access our Firm Brochures at www.adviserinfo.sec.gov. Please read the disclosure brochures carefully before you invest or send money.