A new tax bill has officially passed (you’ve probably heard it mentioned as the “Big Beautiful Bill”). In this episode, Don breaks down what the newly signed bill actually means for retirees, pre-retirees, and anyone planning for their financial future. While the bill made headlines for its timing and optics, the real story lies in the planning opportunities it creates. Don walks through key updates, including the extension of current tax brackets, a higher SALT deduction cap, a new senior bonus deduction, and strategic opportunities for Roth conversions.
Here’s some of what we discuss in this episode:
🧾 What “permanent” really means in Washington tax law
📊 Extended tax brackets offer a rare window for low-tax Roth conversions
🧾 SALT deduction cap raised from $10K to $40K
💸 The new $12K “senior deduction” and its impact on Social Security taxes
💰 Estate tax exemption raised to $15M
⏳ Why 2028 could be a critical planning deadline
Get in touch with Don and learn more: https://doncashpodcast.com/
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