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⏰ Table of Contents ⏰
0:00 Trump’s Tax Law Already Took Effect
0:51 Standard Deductions - Single
1:23 Head of Household
2:09 Married Filing Jointly
2:36 What does a standard deduction mean?
3:54 Social Security Deductions
5:28 Age 67 & Single
7:10 Age 67 & Married
8:48 Income Phase-Out Range
9:27 Single making $100,000
10:05 Married making $150,000
11:24 Final Thoughts and Tax Planning Caution
#FIREPsyChat #FinancialIndependence #TaxChanges2025
🎵 Music and Sound Effects Provided by Epidemic Sound 🎵
Disclaimer: This video is not in any form of personalized financial advice. I am solely sharing my personal experience and opinions. All Strategies, tips, suggestions, and recommendations shared are solely for entertainment and educational purposes only. There are financial risks associated with investing. You must conduct your own research and due diligence or seek the advice of a licensed advisor if necessary.
Affiliate Disclosure: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinions and comparisons.
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By: FIRE Psy Chat
Title: NEW Income Tax Rules in 2025 You Need to Know (Big Beautiful Bill)
Sourced From: www.youtube.com/watch?v=U0AhyGhq8Dk
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