"Trump's Tax Overhaul: The Big Beautiful Bill Shaking Up America"

SIGN UP FOR OUR NEWSLETTER

Trump’s “Big Beautiful Bill” – The Biggest Tax Shake-Up in Years

The Good

Kenny & Jackie

Jul 11, 2025

You Might Be Leaving Thousands on the Table… Here’s How to Keep It Instead

This 900 page bill loaded with what I call "The Good, The Bad, and The Ugly. In this post I will focus on "The Good"

Imagine waking up and finding out you’ve got a few thousand extra bucks in your bank account—just because of a new tax law. Sounds too good to be true, right?

Well, that’s pretty much what just happened with Trump’s latest tax bill—nicknamed the “Big Beautiful Bill.” It’s being called one of the largest tax cuts in American history. But if you’re like most people, you’re probably asking: What does it actually mean for me?

Don’t worry. We’ve got you covered.

In this post, we’ll break down all the key points in plain English—so you can find out how to pay less in taxes, save more, and keep your wallet fat and happy.

🔥 Tax Rates Are Dropping—and It’s Permanent

One of the biggest wins in this bill is a permanent cut to individual income tax rates. This isn’t just a small tweak—it’s a $2 trillion giveaway over the next 10 years.

Here’s What Changed:

The 39.6% bracket drops to 37%
The 25% bracket falls to 22%
The 15% bracket goes down to just 12%

Before, these cuts were temporary and set to expire in 2025. Now, they’re here to stay.

🏠 Higher Standard Deduction = More Money in Your Pocket

Over 90% of taxpayers use the standard deduction. And now, it’s going up—for good.

The 2017 tax law had doubled the deduction, but it was also set to expire. The new bill locks it in forever, saving Americans over $1 trillion in the next decade.

Itemized deductions are also getting temporary upgrades—so more people might find them worth using again.

🗽 SALT Cap Gets a Major Upgrade

If you live in a high-tax state like California or New York, you’ve felt the burn from the $10,000 SALT cap. That’s the limit on how much state and local taxes you can deduct.

Now, the cap jumps to $40,000—but only until the end of 2029.

🚗 Car Loan Interest Write-Off (Yes, Really)

If you buy a new American-made car, you can now write off up to $10,000 of the interest on your loan—through 2028.

This deduction:

Applies even if you don’t itemize
Has income limits depending on your filing status