$40K SALT Cap & $6,000 Bonus — 2025 Tax Breaks You Should Know (Big Beautiful Bill)

📱Reach out to see how these changes affect your financial and retirement plan: https://beckbode.com/contact 📄 Read our full breakdown of the Big Beautiful Bill: https://beckbode.com/blog/the-one-big... 🎙️ Subscribe to Beck Bode: ‪@beckbodellc‬ --------- $40K SALT cap. $6,000 bonus for seniors. Two of the biggest 2025 tax changes — here’s what they mean for you. The Big Beautiful Bill is here — and it’s bringing major tax changes for 2025 that could impact your bottom line. In this episode, Ben Beck, CFP® and Meg Curry, CFP®, break down the biggest updates and what they might mean for retirees, high earners, and anyone facing high real estate taxes. We cover: SALT deduction cap increase — from $10,000 to $40,000 (and when it phases out) Senior bonus deduction — how older taxpayers can get up to $6,000 more Changes to standard deduction and how it affects itemizing What’s really changing with Roth conversions and 401(k) contributions New rules for overtime income and car loan interest deductions The truth about “Trump Accounts” and who they might help A charitable deduction returning in 2026 Whether you’re preparing for retirement or managing a high income, knowing these changes now can help you plan smarter before tax season. #TaxPlanning #RetirementPlanning #BigBeautifulBill #WealthManagement #FinancialPlanning ---------------------- CHAPTERS 0:00 $40K SALT Cap Change 1:05 Tax Brackets Made Permanent 2:10 Standard Deduction Increases 4:15 Roth Conversion Planning 8:45 Social Security Rules Unchanged 9:55 Overtime Tax Break Explained 11:15 Car Loan Interest Deduction 14:45 Trump Accounts: Pros & Cons 22:10 Charitable Deduction Returns in 2026 24:55 Bonus Senior Deduction Still Applies If You Itemize