222. The One Big Beautiful Bill Explained for Retirees
The One Big Beautiful Bill (OBBB) is one of the most significant tax updates in recent years—and for retirees, it’s not just about what changed, but how it affects real-world decisions. From a new $6,000 deduction for seniors to changes in how overtime, tips, and even mortgage interest are taxed, these changes can have a significant impact on your retirement plan.What You Should Know👉 The $6,000 senior bonus deduction is introduced, but it’s not permanent.👉 Tips and overtime may be tax-deductible—but rules vary by income.👉 The SALT cap increases to $40K, which may affect itemizing.👉 Social…
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