Tax season may feel far off, but with sweeping legislative changes just passed, proactive financial planning starts now. In the latest episode of the Financial Symmetry Show, we’re sharing our accessible, in-depth breakdown of the new Big Beautiful Bill, highlighting ten key tax provisions that every taxpayer should understand. Outline of This Episode [00:00] Summarizing the latest major legislation in 10 key tax provisions. [04:59] Be mindful of income limits for a taxpayer deduction.
Tax season may feel far off, but with sweeping legislative changes just passed, proactive financial planning starts now. In the latest episode of the Financial Symmetry Show, we’re sharing our accessible, in-depth breakdown of the new Big Beautiful Bill, highlighting ten key tax provisions that every taxpayer should understand.
Outline of This Episode
- [00:00] Summarizing the latest major legislation in 10 key tax provisions.
- [04:59] Be mindful of income limits for a taxpayer deduction.
- [08:05] Consider collating deductions into a single year to maximize tax benefits due to the temporary higher SALT limit.
- [11:44] Starting in 2026, non-itemizers can claim a permanent below-the-line deduction for charitable donations.
- [14:24] Many individual clean energy credits are being repealed.
- [18:16] Certain income isn't subject to federal tax, but deductions vary by filing status.
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📰 See the full show notes here
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