Understanding the $6,000 Tax Deduction in the OBBBA
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Show Notes
In this episode, host Shawn Terrell delves into the One Big Beautiful Bill Act and its implications for those over 65.
It highlights the $6,000 tax deduction available via OBBBA to individuals 65 and older, the implications for Social Security taxation, and the potential for strategic tax planning.
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Chapters
00:00:00 Introduction to the One Big Beautiful Bill Act
00:01:42 Exploring the Tax Deduction for Seniors
00:03:16 Understanding the $6,000 Deduction
00:04:41 Phasing Out and Expiry of the Deduction
00:06:15 Strategic Tax Planning and Conclusion
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Episode Resource:
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