Trumps New Tax Bill Is Here! How Can It Save Your Money? ( Tax Free Living)

🚨 Big changes could be coming to your tax bill! 🚨

Its time to break down Donald Trump’s newly proposed 2025 tax bill—what could become one of the largest tax cuts in U.S. history!

Here are 3 key takeaways you don’t want to miss:

🔹 No Tax on Tips & Overtime Pay: If passed, tips (up to $150k) and all overtime pay could be tax-free—major news for gig workers, hospitality, and those clocking in extra hours.

🔹 Huge Boosts to HSAs and Child Tax Credits: HSA contribution limits may double, and the child tax credit could rise to $2,500 per child. More deductions and credits = more money back in your pocket.

🔹 Business Owners: Big Deductions Ahead: The return of 100% bonus depreciation (retroactive!) and a higher QBI deduction (23%) would put tens of thousands of dollars back into entrepreneurs’ hands.

There’s even more—like a car loan interest deduction for U.S.-made vehicles—but some campaign promises didn’t make it into the bill (like eliminating taxes on Social Security and lowering corporate rates).

Curious how these proposals could impact you or your business? Listen to the episode for the full breakdown!

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