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What does the newly signed One Big Beautiful Bill (BBB) really mean for your taxes and your future? In this episode of Smart Money Questions, we will explain the most important tax changes in simple terms. From extended tax brackets to new deductions for seniors and enhancements to charitable giving, we’ll tell you what’s permanent (for now), what phases out, and what it all means for retirement planning.
Here’s some of what we discuss in this episode:
📉 Current tax brackets extended—no 2026 “sunset” (for now)
🧓 New $6K deduction per person over 65
📦 SALT deduction cap raised from $10K to $40K
💸 Charitable deduction now allowed even if you don’t itemize
🏡 Selling the house and renting? Matt breaks down the pros, cons, and planning points
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