Major 2025 Tax Changes Explained: Deductions, Trump Accounts & More

The One Big Beautiful Bill Act (OBBBA) just reshaped the tax landscape. In this quick breakdown, Paul covers the key tax changes that matter most to high earners, business owners, and families—including: ✅ A new $6,000 deduction for seniors ✅ SALT cap raised to $40,000 ✅ Itemized deduction limits for the 37% bracket ✅ Charitable deductions for non-itemizers ✅ The new “Trump Accounts” for children’s future savings 📌 These changes have big implications for wealth strategy and estate planning.