What the New Tax Law Means for You in 2025
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What the New Tax Law Means for You in 2025
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In this episode of 3C Money Matters, hosts Alyce Zollman and Dan Matthews from The 3C Group talk with Tim Steffen, Director of Advanced Planning at Baird, about the new One Big Beautiful Bill Act (OBBBA) and what it means for your money. They break down key updates like changes to the SALT deduction, a new senior tax break, updates to the estate tax exemption, and the creation of "Trump" accounts for children's savings.
You'll hear how these changes may affect your taxes in 2025, when it makes sense to accelerate charitable giving, and why planning ahead is more important than ever with so many temporary provisions and income-based phase-outs.
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