Don’t Fall For These Big Beautiful Bill Myths

Big tax law changes always bring big rumors. But before you assume Social Security is now tax-free or that you’re getting a $40K deduction just for breathing, let’s set the record straight on what this new bill didn’t actually do. In this episode, Scott busts the biggest myths surrounding the recent “Big Beautiful Bill,” breaking down the fine print behind headline-grabbing claims.

 

Here’s some of what we discuss in this episode:

💸 What the Social Security changes actually mean

🧾 The truth behind the “everyone gets a tax cut” myth

🏛️ Why “permanent” tax rules aren’t really permanent

📜 Estate taxes aren’t dead in every state

🚗 The car loan deduction is temporary and restricted

 

Resources: 

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