11/07/2025
One Big Beautiful Bill
The goal is simple: make the tax code work for working people, families, and small business owners again. Here’s what’s inside and why it matters:
1. 100% Bonus Depreciation
Tik Toks favorite advice is to write off the G Wagon. Joking aside, businesses can once again write off the full cost of equipment, vehicles, and improvements immediately. This change helps small business owners reinvest faster, grow sooner, and create more opportunity.
2. Bigger Child Tax Credits
Families will see larger tax credits that make a real impact at tax time. It’s a meaningful way to ease the cost of raising children and keep more of what families earn.
3. No Tax on Overtime
Extra hours should mean extra pay — not extra taxes. By removing the federal income tax on overtime, workers keep more of the money they earn through their hard work.
4. No Tax on Tips
For those in the service industry, tips will be completely tax-free. It’s a step toward fairness for workers who depend on tips as a key part of their income.
The One Big Beautiful Bill is about rewarding effort, supporting families, and helping businesses grow. It’s a practical, straightforward plan to strengthen the economy from the ground up, by letting people keep more of what they earn. If you want to see how these changes could impact your taxes, reach out. Send me a message or give me a call — let’s make sure you’re ready to take advantage of every opportunity.
