What we know about the One Big Beautiful Bill Act (so far!) скачать в хорошем качестве

What we know about the One Big Beautiful Bill Act (so far!)

On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law. This enormous law created the largest revision to the United States Tax Code in the last 8 years. This video explores the tax aspects of the OBBBA that have the biggest impact on ordinary taxpayers and how you can prepare for the upcoming changes. 0:00 Introduction 1:38 Carryovers from the TCJA 2:16 "No tax on tips or overtime" 3:18 Additional Std. Deduction for Seniors 4:37 Clean Vehicle and Energy Credits expire 5:19 Increased Child Tax credit 5:44 Vehicle Interest Deduction 6:13 Increased SALT Deduction limitation 6:44 Misc. Provisions and Conclusion ADDITIONAL RESOURCES AND INFORMATION: U.S. Congress: Full text of the OBBBA: https://www.congress.gov/bill/119th-c... U.S. Congress: Summary test of the OBBBA: https://www.congress.gov/bill/119-con... Tax Foundation:"'One Big Beautiful Bill Act' Tax Policies: Detail and Analysis": https://taxfoundation.org/all/federal... WIPFLI: "Eight major changes in the One Big Beautiful Bill Act": https://www.wipfli.com/insights/artic... Image and footage credits: Storyblocks.com Wikimedia Commons Intro Music: "Bluesy Vibes" - Doug Maxwell - YouTube Creator Music Outro Music: "Modern Attempt" - Track Tribe under license from YouTube Creator Music DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or financial advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or financial professional.