Ep47 New Tax Law in effect- Part 1 on the OBBBA
Description
A new tax law was signed on July 4th and this episode is Part 1 of the OBBBA. I will share what we know so far for individuals and some important takeaways.
You can find more information on the OBBBA here: IRS Guide to OBBBA
IRS has released the tax inflation adjustments for 2025: https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2025
You will find a summary of the OBBBA facts here under the Individual Taxation Tab
Feel free to reach out to Your Financial Maven® at www.yourfinancialmavenpodcast.com. I would love to hear from you about your money story or insights!
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The purpose of this podcast is to provide general information on the subjects discussed. It is for educational, informational, and entertainment purposes only. It is not meant to resolve your specific financial needs or situations. Please consult with your CPA, tax, or financial professionals.
Your Financial Maven® is produced and hosted by Samantha M. Besnoff, CPA
Editing by Kris Zarnoch of KMZen Creative
Music written, composed, and performed by Daniel Shore
United States
