The 5 Things You NEED to Know About In The One Big Beautiful Bill
Money Guy Show
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Navigating New Tax Deductions
This chapter explores recent tax law changes aimed at benefiting individuals earning tip income and overtime pay, highlighting new deduction limits for the years 2025 to 2028. It clarifies the implications of these changes on itemized deductions, especially for high-income earners and those residing in high-tax states. Additionally, the chapter addresses common misconceptions about Social Security taxability and Roth IRAs, ensuring listeners understand their retirement strategies remain unaffected.
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