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Top 10 Things You Should Know About the One Big Beautiful Bill

Episode 429 Published 7 months, 2 weeks ago
Description

This week, Matt, John, and Isaac, dive deep into the groundbreaking "One Big Beautiful Bill" — a sweeping piece of legislation that could reshape your taxes, savings, and financial future. Whether you're a taxpayer, parent, senior, or business owner, these top 10 highlights are essential listening. 

Here's what's inside the bill (and this episode): 

1️⃣ Individual Income Tax Rates Made Permanent – The TCJA tax brackets (10%-37%) are now here to stay. 
 2️⃣ Higher Standard Deduction Made Permanent – $31,500 for joint filers, $15,750 for singles starting 2025. 
 3️⃣ Estate & Gift Tax Exemptions Increased – Up to $30M for couples, inflation-adjusted. 
 4️⃣ SALT Deduction Cap Raised – Increased to $40,000 in 2025 with phaseouts and future reductions. 
 5️⃣ New Senior Tax Deduction – $6,000 for those 65+ with moderate incomes (2025–2028). 
 6️⃣ Tip Income Deduction – Deduct up to $25,000 in tip income (phases out at higher incomes). 
 7️⃣ Overtime Tax Break – Deduct OT pay: $25K (married) / $12.5K (single), 2025–2028. 
 8️⃣ Car Loan Interest Deductible – For U.S.-assembled vehicles, up to $10K interest deductible. 
 9️⃣ Child Tax Credit Boosted – Increased to $2,200 in 2026 and made permanent. 
 🔟 Trump Accounts for Kids – New children’s savings account, with $5K annual contribution + $1K federal kickstart for newborns (2025–2028). 

📈 This episode is a must-watch for anyone planning their financial future. 

👉 Don’t forget to like, comment, and subscribe for more insights from the guys on The Market Moment. 

 📢 Share this with your tax-savvy friends and family! 

💬 Let us know your thoughts! Also, please comment or email us your questions. We hope to answer your questions and respond to your comments in an upcoming episode!  

🚨Don’t forget to watch Eli’s breakdown on Data Brief… https://www.youtube.com/watch?v=R0YkvuMUC_g&t=5s   

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Mach-1 Financial Group, LLC ("Mach-1") is a registered investment adviser located in Rogers, AR. Mach-1 may only transact business in those states in which the firm maintains a notice filing or has qualified for an exemption or exclusion from registration. A copy of Mach-1’s current written disclosure brochure, which discusses among other things, Mach-1’s business practices, services and fees, is available through the SEC website at www.adviserinfo.sec.gov  and is also available at www.mach-1financial.com/disclosures 

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