
#581 Breaking News - Senate Tax Bill Text Released
About this episode
Breaking News - Senate Tax Bill Text Released. With both the House and Senate versions now on the table, which proposal offers bigger tax cuts? Which one could save you more money? I’m breaking down the differences between the House and Senate proposals and what’s changing and how it will affect you.
Intro & Why This Tax Bill Matters
00:00 - 00:02:25
Expiring Tax Provisions in 2026
00:02:25 - 00:03:32
Standard Deduction & Income Tax Rates
00:03:32 - 00:09:07
Child Tax Credit Breakdown
00:09:07 - 00:10:59
State and Local Tax (SALT) Deduction Debate
00:10:59 - 00:15:13
No Tax on Tips & Overtime Explained
00:15:13 - 00:20:14
Small Business Tax Breaks (QBI & Bonus Depreciation)
00:24:02 - 00:29:27
House vs. Senate: Final Comparison
00:29:27 - 00:30:25
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