You’ve probably heard about the changes to the tax code included in the “One Big Beautiful Bill Act” (OBBBA), which is now law. From a high level, the changes in the law will impact the financial lives of millions of Americans. But do you know how it will affect you?
With all these changes, there might not be a better time than now to reevaluate your financial strategy. I’m Dannt Favreau with One Les Worry, and I can help you understand how the new legislation will impact you and what you may be able to do about it.
Part of this seminar can help answer your questions about the Big Beautiful Bill such as:
• What’s going to happen to my tax rate?
• What’s the new deduction for people aged 65 and older?
• What’s the new limit for lifetime gift and estate tax exclusions?
• What’s the limit for SALT deductions?
• When’s it a good idea to contribute to a Child Savings Account (“Trump Account”)?
The 2017 tax cuts + expanded estate tax exemption = a potential opportunity to help your financial strategy.
Here’s what’s in play:
• New $6,000 deduction (65+ crowd, this could be for you!)
• Roth conversion? It might be the appropriate time.
• State and Local Tax (SALT) deduction is back.
• Bigger standard deductions
• Lower tax rates
• Increased Child Tax Credit
• NEW Child Savings Accounts (“Trump Account”)?
The “One Big Beautiful Bill Act” is packed with updates that could directly impact your financial strategy. Make the most of the “One Big Beautiful Bill Act.”
Join us for this OnLine Event
