2025.07.17 Tax and Wealth Planning Insights for the One Big Beautiful Bill Act

We're excited to invite you to an upcoming webinar where our tax planning attorney, Michael Lee, will discuss the recently passed One Big Beautiful Bill Act (OBBBA). This new act, which passed on the Fourth of July, significantly impacts tax policy for families, businesses, and charities.

During this session, Michael will provide a detailed analysis of the OBBBA's key tax provisions and highlight associated wealth planning opportunities. He will also offer actionable insights that you can apply to your financial plans.

Increase to the Estate and Gift Exemption
Increase in State and Local Tax Deduction Limit
Increased Standard Deduction and Other Itemized Deductions
Qualified Small Business Stock Enhancements
Changes to Charitable Deductions

00:00 Introduction
01:33 Disclaimer
01:41 What is the OBBBA?
05:04 Individual Rates & AMT
06:30 Individual State and Local Tax (SALT) Deduction
11:56 Standard Deduction
13:10 Overall Limitation on Itemized Deductions
15:12 Child Tax Credit
16:54 Bonus Deduction for Seniors
18:56 No Tax on Tips / Overtime
25:12 No Tax on Car Loan
27:34 Estate & Gift Tax Exemptions
38:27 Charitable Contributions
40:19 Trump Accounts
45:46 QSBS Expansion
50:30 Ending Words