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What’s happening with Trump’s new tax bill? Is your Social Security now tax-free? What’s the catch with these new Trump accounts? There’s a lot of fear mongering out there in regards to this bill but, how does this bill affect me?
In this jam-packed episode of the Abraham's Wallet podcast, tax expert Jed Kinderknecht returns to break down the new 'One Big Beautiful Bill Act.' We delve into the various changes to the tax code, including new benefits for tipped employees, enhancements to the SALT cap, and the introduction of Trump Accounts for kid's savings. Not stopping there, we discuss how small business owners can benefit, the rules about gambling losses, and car loan interest deductions. Curious about how these changes can affect you? Tune in to find out!
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