Financial Sense Newshour Big Beautiful Bill Stimulus: Get Ready for 2025 Tax Return Surprises, Says Dan Pilla
Jan 19, 2026
Dan Pilla, a tax resolution expert and founder of TaxHelpOnline.com, dives into the implications of the new 'Big Beautiful Bill' for 2025 tax returns. He breaks down key exclusions that could reduce taxable income and discusses new deductions available for seniors and charitable contributions. Pilla critiques how the new tax laws target high earners while benefiting the bottom 80%. He also provides practical advice on adjusting withholdings and estimates to avoid surprises next tax season.
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Adjust Withholding Before Refunds Rise
- Adjust your payroll withholding or estimated tax payments now to reflect 2025 law changes.
- This prevents giving the government an interest-free loan via an unnecessary refund next filing season.
Large Tip And Overtime Exclusions
- The One Big Beautiful Bill excludes up to $25,000 of tip income and $12,500 of overtime from taxable income.
- Those exclusions directly reduce taxable income for many wage earners in 2025.
Claim New Charitable And Auto Interest Deductions
- Take advantage of the new $1,000 charitable deduction allowed without itemizing.
- Also claim the new deduction for auto loan interest up to interest on a $10,000 personal loan to lower taxable income.
