One Big Beautiful Bill – Big Impact or Big Bust?
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For months now, everyone’s been talking about the Trump administration’s One Big Beautiful Bill Act (OBBBA) signed into law on July 4th of this year. At nearly 900 pages long, the OBBBA brings quite a few changes to U.S. tax laws. Though some of these changes are big, others, eh, not so big. But one thing’s for sure, this law adds a new layer of complexity that could cause headaches for many taxpayers in the years ahead. On today’s show, we’re joined by local CPA Jon Sluis to break down this big, beautiful piece of legislation and explain how these new policies could impact you. We’ll take a look at the new senior deductions, the raised estate tax threshold, and two major changes affecting many today – no tax on tips and no tax on overtime. And if we’ve got time, we’ll see what else we can dig into regarding the OBBBA. So, join us for this big, beautiful hour … won’t you?
Tune in and take control!