Massive Tax Changes in 2026 | Trumps Big Beautiful Bill - What You Need To Know

Massive Tax Changes Coming in 2026 and Trumps Big Beautiful Bill - Save Thousands with These 5 Smart Moves!

The 2026 tax changes are coming fast and for many Americans, they will completely reshape how much you owe, how much you keep, and which deductions you can still claim. In this video, Stephen Lee, CPA and CPWA, breaks down the biggest 2026 tax rule changes and explains exactly how they impact retirees, homeowners, families, and small business owners.

We cover the key areas the IRS is updating as the Tax Cuts and Jobs Act (TCJA) sunsets in 2025, including:

• Higher standard deductions for seniors
• A major increase to the SALT deduction cap
• Changes to charitable giving rules and itemized deductions
• New flexibility for Health Savings Accounts (HSAs)
• Updated Affordable Care Act and marketplace insurance regulations
• Phase-outs that affect high-income earners and business owners
• How tax brackets shift once TCJA expires

Stephen also outlines five strategic money moves you should take before 2026 to protect your tax savings, maximize deductions, reduce future liabilities, and position yourself for the next major IRS rule change.

Whether you're planning for retirement, managing a small business, or simply trying to stay ahead of the upcoming tax law changes, this guide gives you a clear, actionable plan. You’ll also get a practical 2026 tax action checklist to help you stay organized and avoid missing valuable deductions as the rules shift.

Perfect for:
• Retirees planning distributions and Social Security strategy
• Homeowners navigating property taxes and SALT deduction changes
• High-income earners preparing for phase-outs
• Small business owners optimizing 2025 write-offs
• Anyone wanting to legally reduce their tax bill before the 2026 reset

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00:00 Introduction to Upcoming Tax Changes
00:34 Overview of the 2025 Tax Reform
01:07 Key Area 1: Maximizing Deductions for Seniors
02:03 Key Area 2: Homeowners and SALT Deduction Cap
02:57 Key Area 3: New Charitable Giving Rules
03:45 Key Area 4: Health Savings Accounts Flexibility
04:20 Key Area 5: Changes in Health Insurance Marketplace
05:00 Tax Action Checklist Before 2026
05:41 Conclusion and Final Tips

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The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.