Edward Dondlinger and Chuck Thornton had another discussion on what passed in the Big Beautiful Bill.
We linked chapters in the description. If you hit more under the video, you can skip to sections that interest you. Here is a summary of the chapter discussions: Tax Rates, Standard Deductions, Personal Exemptions, Extra Deductions for Seniors, Child Tax Credit, Alternative Minimum Tax, Qualified Residence Interest Expense Deduction, Miscellaneous Deductions, Accountable Reimbursement Plans, SALT State and Local Taxes.
Click here to watch the 30-minute conversation on YouTube https://youtu.be/_JYHqQmIq90
There will be a Part II coming soon so watch for our future videos!
Please contact us if you have any questions or concerns about how the Big Beautiful Bill might affect your specific tax situation!