Suze School: How “Big Beautiful Bill” Affects Your Taxes and Paying for College

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

Suze Orman Media

Business, Investing

4.6 • 4K Ratings

🗓️ 3 August 2025

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

For this Suze School, Suze continues explaining elements of the new “Big Beautiful Bill” and what it will mean for your money. Today's focus is on how the new law affects your income taxes and the major cuts to federal student loans.

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Transcript

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0:00.0	Hi everybody, Susio here now. What is the goal of money? The goal of money is for you to be secure.
0:06.6	And there is no better way for you to be secure than having an emergency savings account.
0:13.2	It is essential for your financial foundation. So all of you should be participating in
0:19.2	the ultimate opportunity savings account at Alliant Credit Union.
0:23.9	Go to myalliant.com to find out more and be secure.
0:32.8	We are strong, we are wise, we will not apologize.
0:38.8	We are here, we will thrive.
0:41.9	Together we will rise.
0:44.3	With a little bit of faith and everything it takes, we are strong, we are wise.
0:52.8	Together we are wise. Together we will rise.
1:00.3	August 3rd, 2025, why do I always chuckle when I say the date? I don't know.
1:07.7	But anyway, welcome everybody to the Women and Money podcast, as well as everybody's smart enough to listen.
1:14.9	Today is Susie's school. And we are going to continue from last weeks going over some of the provisions of the big,
1:24.0	beautiful bill that I think you should know about. But Miss Travis, as we speak,
1:30.0	is in British Columbia catching fish salmon with her sister and some friends and having the
1:39.3	time of her life, but she will be back in time for KT's Ask Anything show. Anyway, that's what she calls it,
1:48.7	by the way. It's the KT. Ask Anything show when she talks to me about it. Get out your Susie
1:54.8	notebooks, because I am going to talk about three different aspects of the new big, beautiful bill, all right, just so you know.
2:04.6	The first one is all about how there is a new law that temporarily, and I want you to underline
2:15.0	the word temporarily, increases the state and local tax deduction.
2:21.9	Now, state and local tax deduction, it's abbreviated by the initials S-A-L-T, state and local tax.
2:33.0	All right.
	...

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