You've likely heard about this from every possible media channel.
A sweeping new tax law just hit the books. It’s called the “One Big Beautiful Bill Act,” and it could represent a big overhaul to household finances.
Think of it like a home renovation. The 2017 tax cuts laid the foundation. This law keeps the structure, adds new features, and rips out a few that may no longer fit.
I won't dance around the issue: This bill is controversial.
Now that the election is over, what will the new administration prioritize in the new year? Here are a few things we’re watching in the months ahead:
The debt ceiling debate may reignite in early 2025.
The debt ceiling, the cap on the total amount of debt the U.S. can hold, has been suspended as part of a deal made in the last Congressional fight. (1) When the cap returns in January, it may kick off a fresh round of debates and draw attention to the more than $35 trillion the U.S. holds in debt.
It’s tax time again…
Collecting receipts and organizing tax forms. Compiling numbers and checking deadlines…
While you’re preparing, I made a short video discussing 4 things you should do before filing your 2023 taxes.
The SECURE Act 2.0 is a massive new retirement bill that took effect on January 1, 2023.
Here’s a quick video on 3 key changes retirees should know. Enjoy!
