One Big Beautiful Bill Tax Changes 2025

This episode is for educational purposes only and does not constitute tax, legal, or financial advice. Please consult your tax professional about your specific situation.


Understanding the One Big Beautiful Bill Tax Changes (2025 Explained)
The One Big Beautiful Bill tax changes 2025 are here, and they’re reshaping how individuals, families, and small business owners will be taxed going forward. In this episode of the Cultivating Business Growth podcast, Jaime Staley and CFO/Tax Expert Katina Peters break down what’s changing, what’s staying, and what you need to know before filing your 2025 tax return.

Whether you're a business owner, high-earning employee, or simply trying to understand the headlines, this guide will help you make sense of the new rules.

In This Video, We Cover:

00:00 – Intro
01:00 – Why the One Big Beautiful Bill matters
03:40 – 2025 tax brackets explained
07:00 – Standard deduction increases
08:30 – “No tax on tips” & “no tax on overtime”: who actually qualifies
12:15 – Updates to child tax credit, senior deduction & SALT cap
15:55 – Estate & gift tax changes (including the new $15M exemption)
17:30 – Small business updates: QBI, bonus depreciation, Sec. 179 & more
22:00 – Clean energy credits & EV credit changes
23:08 – What are Trump Child Accounts? Full breakdown
27:00 – What happens when the child turns 18
30:00 – Pending IRS guidance & employer responsibilities
33:15 – Top 3 takeaways + tax planning reminders

💬 Need Help With Tax Planning?

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Learn more at: https://willowcfo.com

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