OBBBA Explained: What the 2025 Tax Bill Might Mean for You

Tax

OBBBA Explained: What the 2025 Tax Bill Might Mean for You | Financial Perspectives

Marcus Iwig

Marcus Iwig , CFP®, CPA, MAcc

Kent Kramer

Kent Kramer , CFP®, AIF®

09/15/25
The One Big Beautiful Bill Act (OBBBA), signed July 4, 2025, updated tax law: rates extended, new $6K senior deduction, higher SALT cap with limits, charitable deduction floor, and a $15M estate exemption. This month, Marcus Iwig joins Kent Kramer to explain what these updates mean — and why most taxpayers may see only modest impact.
0:00 – Introduction
1:37 – Tax Rate Updates
4:01 – Senior Deduction & SALT Cap
7:12 – Charitable & Estate Tax Changes
13:21 – Closing Thoughts

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