Retired? A $40,000 Deduction & Social Security Tax Cuts Could Save You Thousands! скачать в хорошем качестве

Retired? A $40,000 Deduction & Social Security Tax Cuts Could Save You Thousands!

00:00 Intro 00:42 Bonus Tax Relief for America’s Seniors Act 02:20 Tax Relief Unleashed for Seniors by Trump Act 02:52 How Social Security is Taxed 05:14 Potential Changes 07:16 If Both Bills Pass Example 08:57 Example with Social Security, Traditional 401K and Roth (before & after) 11:23 Bloopers Big tax changes could be coming for retirees! 🚨 On February 17, 2025, two new bills were introduced in the U.S. House of Representatives that could mean huge tax savings for seniors. The Bonus Tax Relief for America’s Seniors Act and the Tax Relief Unleashed for Seniors by Trump Act aim to reduce the tax burden on retirees by raising the standard deduction to $40,000 for married couples and increasing the income thresholds for Social Security taxation. But how much could this really save you? Let’s break it down! Some of my favorite books: https://amzn.to/3KF3tlr Camera & equipment I use: https://amzn.to/3Z20lof Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research. Join the family & subscribe to my channel here:    / erintalksmoney   Thanks for watching, I appreciate you!