New Tax Law Explained for Individuals & Seniors - Trump’s Big Beautiful Bill скачать в хорошем качестве

New Tax Law Explained for Individuals & Seniors - Trump’s Big Beautiful Bill

Learn how Trump’s new tax bill affects you, with new deductions for tips, overtime, and Social Security income. Find out what changed, what’s temporary, and how to save more under the 2025 tax code. In today's update, learn what changed in the tax code under Trump’s One Big Beautiful Bill, including permanent tax bracket extensions, a new $6,000 senior deduction, increased SALT caps, updated child tax credits, and first-ever deductions for tip income, overtime pay, and car loan interest. The new law also introduces savings accounts for newborns, boosts dependent care benefits, expands 529 and ABLE accounts, and updates 1099 reporting rules. Whether you’re a worker, retiree, parent, or homeowner, these 2025 tax changes affect your income, deductions, and potential refund. Discover new IRS rules and how they impact your money, your family, and your future taxes. TABLE OF CONTENTS 00:00 - Why This Tax Bill Affects You 01:26 - 2017 Tax Cuts Are Now Permanent 02:22 - No More Personal Exemptions 02:47 - Homeowners Get SALT Relief 03:18 - New Tax Break for Seniors 04:30 - Deduct Tips and Overtime 05:28 - Car Loan Interest Deduction 06:06 - Child and Family Tax Updates 06:36 - New Trump Baby Accounts 07:15 - Support for Adoptive Families 07:40 - Big Boost to Dependent Care Credit 07:52 - New Charitable Giving Rules 08:23 - Other Tax Changes You Should Know Education and Disaster Tax Updates Final Cleanup Changes New 1099 Reporting Thresholds 10:00 - The Big Picture and What’s Next SUBSCRIBE TO OUR CHANNEL: 🔔   / @moneyinstructor   VIDEOS TO WATCH NEXT NEW: Trump’s 1% Rate Cut Plan – Will It Crash the Economy?    • NEW: Trump’s 1% Rate Cut Plan – Will It Cr...   Social Security Increase Update: New 2026 COLA Estimates Released    • Social Security Increase Update: New 2026 ...   What Will Get More Expensive? New Trump Tariffs on Mexico and the EU    • What Will Get More Expensive? New Trump Ta...   Will Seniors Really See an Increase? What Trump’s Bill Means for Social Security    • Will Seniors Really See an Increase? What ...   Social Security Payments July 2025: Big Beautiful Bill, Tax Changes, Schedule Update SSDI, SSI, VA    • Social Security Payments July 2025: Big Be...   Rare Pennies to Watch Before They’re Gone - Could Yours Be Worth $1,000?    • Rare Pennies to Watch Before They’re Gone ...   Trump's Big Beautiful Bill BLOCKED in Court?! Major Lawsuits Begin!    • Trump's Big Beautiful Bill BLOCKED in Cour...   Big Beautiful Bill: Key Dates for Seniors, Workers, and Families    • Big Beautiful Bill: Key Dates for Seniors,...   Trump’s Big Beautiful Bill Passed: What It Means for Your Money    • Trump’s Big Beautiful Bill Passed: What It...   $6,000 Bonus for Seniors? The Truth About Trump’s Bill    • $6,000 Bonus for Seniors? The Truth About ...   Fed Signals Rate Cuts, Trump Reacts - Impact on Your Wallet and Savings    • Fed Signals Rate Cuts, Trump Reacts - Impa...   Stimulus & Stimulus Check Update: What Trump’s Big Beautiful Bill Means for You    • Stimulus & Stimulus Check Update: What Tru...   Follow us: WEBSITE: https://www.moneyinstructor.com X TWITTER:   / moneyinstructor   FACEBOOK:   / moneyinstructor   Money Instructor has been a leading resource in financial education for over two decades, empowering people with essential topics in financial literacy. Our coverage spans personal finance, money management, saving money, budgeting, investing, business fundamentals, taxes and taxation, Social Security, retirement planning, tax credits and refunds, economic stimulus checks and payments, as well as debt management—including credit card debt and interest rates. Additionally, we explore monetary policy, inflation, housing market trends, government legislation, political news, stock market dynamics, economic trends, improving credit scores, career development, housing and rent issues, and strategies for wealth building. We help ensure you are well-informed and updated with the latest news and developments in these areas. #bigbeautifulbill #TaxUpdate2025 #TrumpTaxPlan #IRSChanges #MoneyTips #SeniorTaxBreaks #moneyinstructor Money Instructor does not provide tax, legal, investing, or financial advice. This content is for general informational and educational purposes only and not meant as professional advice. Consult your own advisors for specific guidance. The information provided may not reflect the most current legal or financial developments. Viewers are encouraged to verify the currency of the information.