The one big beautiful bill was signed into law on July 4th of 2025. It keeps some old stuff,

add some new stuff, and we're going to be walking you through all of it today.

Brian, I am so excited about this because we love helping folks to cipher what policy changes

mean for their money so that really they can focus on what matters most to them.

We'll break this bill down in five key areas, highlighting what's changing and in true money

guy fashion, practical steps you can take to prepare. With that, let's jump right in.

So there were a lot of changes in this bill. And really, some of the changes weren't so much that something changed, but that it was this realization that things weren't actually going to change

the way that they were supposed to. It's probably easier if we just let people see exactly.

And let's start off with tax rates, deductions, and credits.

So one of the very first changes, and this is probably the one that's the most impactful across the

board, is that tax rates were set to go back to the pre-2017 levels. And instead of them reverting

back to the pre-levels, the current levels were locked in.

So tax brackets were slated to be 10%, 15%, 25, 28, 33, 35, and 39.6. And now, under this law change,

which now just locks in where they were temporarily, new tax rates are going to be 10, 12, 22,

24, 32, 35, and then a top bracket of 37%.

Well, and that's what, look, the thing about this is with legislation, a lot of times with tax

policy, they do what's called sunsetting, whereas it

means that these tax changes are temporary. What this tax bill did is it basically locked in

the temporary and turned it into as permanent as things can be in Washington, meaning that until

somebody votes and comes up with a new bill, this is the tax rates. And for most of you, what this means

is that starting next year, it was going to revert back to where it was. So your taxes were

probably going to go up three to four percent. This now locks it in. So you just don't have

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