A new tax bill has officially passed (you’ve probably heard it mentioned as the “Big Beautiful Bill”). While most headlines are focused on the politics, we’re zeroing in on what it means if you’re retired, a business owner, have stock compensation, or are thinking about estate planning. The decisions you make in the next year or two could significantly affect how much of your wealth you keep and how much goes to Uncle Sam. In this episode, Matt breaks down the four major areas of the bill and how they’re likely to impact the people he advises.

Here’s some of what we discuss in this episode:

New tax relief and planning opportunities for retirees

Big updates to Qualified Small Business Stock (QSBS) rules

AMT relief that makes stock option strategies more favorable

Permanent changes for business owners, including the 20% QBI deduction

The major increase in estate tax exemptions

0:00 – Intro

0:41 – Boost in Standard Deduction

1:36 – Tax Bracket Certainty

2:05 –SALT Deduction Relief

3:05 – QSBS Expansion Revolution

4:10 – AMT Relief

5:00 – QBI Deduction Made Permanent

5:49 – Massive Exemption Increases

7:02 – Recap and Free Visual Breakdown

Resources for this episode:

Mind Map Download

Other Resources

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