Taxes After The One Big Beautiful Bill

The One Big Beautiful Bill Act preserved some tax provisions, altered existing rules, and introduced entirely new ones. Now that it is income tax preparation season, how should you navigate the ins and outs? Eric Meermann, CFP®, CVA, EA, has decades of tax experience to draw on for the answer. In this episode, Eric walks listeners through the major tax provisions of last summer’s omnibus legislation. Beyond details on tips, overtime, state and local tax deductions and the many other changes in play, Eric offers some broader suggestions about staying ahead of deadlines and keeping things organized.

Links:

• “Tariffs, Taxes And ‘All That Government Stuff’” (featuring Larry Elkin, Paul Jacobs and Ben Sullivan)
• “Big, But How Beautiful?” by Eric Meermann
• “GOP frustrations grow over lackluster ‘big, beautiful bill’ sales pitch,” The Hill
• Occupations that customarily and regularly received tips on or before December 31, 2024 (IRS)
• “Why Estate Planning Is For Everyone” (featuring David Walters)
• Q&A about qualified expenses for 529 plans (IRS)
• “Building Community Around Mission” (featuring Ben Hall and Ben Sullivan)