longer.blue

Look at the normalizing and propaganda my financial institution is sending ! Meanwhile I noticed there isn’t a single female or diverse person on their montage of financial advisors. So long to them... The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025. Most provisions do not take effect until the 2026 tax year, however, select changes may impact how you plan for taxes and manage your finances today. Here's a summary of key provisions: • All tax filers may access a permanent lower tax rate, higher standard deductions, new charitable deduction rules, extension of the estate and gift tax exclusion and other provisions. • Parents and families who are eligible can take advantage of an increased child tax credit, enhanced child and dependent care tax credit and a new savings account for children, in addition to other changes. • Eligible older adults and retirees may receive a new deduction for taxpayers over age 65. • Additional changes apply to tipped and eligible overtime workers.