The One Big Beautiful Bill Act: Tax implications for individuals, businesses, and estates

This week, Amy Arnett, VP of Insurance Solutions at DPL, talks with Carma McCallie, VP of Advanced Sales at Crump Life Insurance, about the One Big Beautiful Bill Act (OBBBA) and its tax implications for individuals, businesses, and estates. Carma breaks down the key provisions, what has changed, what has stayed the same, and how to turn this new tax landscape into planning opportunities. From charitable deductions and estate exemptions to life insurance, Carma emphasizes the importance of a cohesive team of financial professionals to navigate the nuances of the law. Learn more at https://www.dplfp.com/series/advisor-....

This week, Amy Arnett, VP of Insurance Solutions at DPL, talks with Carma McCallie, Vice President of Advanced Sales at Crump Life Insurance. Carma is a seasoned tax and wealth planning professional with deep experience working with corporate leadership teams. She is known for making complex financial and legal concepts clear and actionable for diverse groups, including clients and fellow professionals in the tax and advisory fields.

Carma discusses the One Big Beautiful Bill Act (OBBBA) and its tax implications for individuals, businesses, and estates. She breaks down the key provisions, what has changed, what has stayed the same, and how to turn this new tax landscape into planning opportunities. From charitable deductions and estate exemptions to life insurance, Carma emphasizes the importance of a cohesive team of financial professionals to navigate the nuances of the law.

In this episode:
00:00 - Intro
01:41 - Carma's career background
02:49 - What the One Big Beautiful Bill Act (OBBBA) is all about
12:56 - Understanding Modified Adjusted Gross Income (MAGI)
15:32 - The need for financial professionals in the new tax landscape
17:32 - How OBBBA impacts insurance planning
22:22 - Carma's key takeaways