00:00 - Intro 0:49 - The Senior Deduction Explained — Updated with Clarification 05:06 - Who This Bill Impacts Most 05:16 - 1. Tax Relief for Households & Workers 06:53 - 2. Reduced Access to Medicaid & SNAP 07:34 - 3. Elimination of Clean Energy Credits 07:59 - 4. Defense, Border & Homeland Security Spending 08:23 - 5. National Debt Impact 08:59 Wrap-Up
The Senate has officially passed the One Big Beautiful Bill — and it's now headed to President Trump’s desk. One of the biggest headlines? A brand-new $6,000 above-the-line tax deduction for seniors, along with expanded child tax credits, tip income exclusions, and more. In this video, we break down exactly what’s in the bill, who benefits most, and how these changes could impact your taxes in 2025 and beyond. Whether you're retired, working, or raising a family — this is a must-watch.
Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research.
