What Parents and Young Adults Should Know About the New One Big Beautiful Bill
Description
What does the new One Big Beautiful Bill mean to parents and young adults?
I am kicking off the "Big Beautiful Bill" series by breaking down what the new legislation means for those just starting their financial journeys—think high schoolers, college students, and anyone landing their first job.
I deep dive into the bill's highlights, including the extension of marginal tax rates, increased standard deductions, and hot topics like deductions for reported tips, overtime pay, and vehicle interest—clearly outlining who benefits, the real dollar impact, and the fine print you need to know.
I also highlight the bill's downsides, including tighter student loan limits, the phasing out of home energy credits, and EV incentives.
If you're wondering how these changes could shape your financial future, or that of your kids or grandkids, this series offers practical advice.
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Resources Featured in This Episode:
United States
