Big tax law changes always bring big rumors. But before you assume Social Security is now tax-free or that you’re getting a $40K deduction just for breathing, let’s set the record straight on what this new bill didn’t actually do. In this episode, Trent and Brandon tackle the myths swirling around the recently passed “Big Beautiful Bill” and give you the facts you need to make smart financial decisions.
They clarify what truly matters (and what doesn’t) by debunking myths about estate tax exemptions, charitable deductions, and the reality behind so-called 'permanent' tax brackets. While some changes are helpful, others are overhyped. That’s where a financial plan makes all the difference.
Here’s some of what we discuss in this episode:
📢 Social Security taxation and retirement deductions
🏡 Federal estate tax exemption doesn’t eliminate planning
🚗 Car loan interest deductions are limited
💡 Charitable and other above-the-line deductions exist, but have limits
🎯 New deductions have income and filing limits
Contact:
Website: http://bradshawfp.com
Email: office@bradshawfp.com
Call: 704-216-2260
