6.7K views · 196 reactions | When it comes to tax policy, the GOP often says that the estate-tax hurts farmers and small businesses. That's an exaggeration, to say the least. | Fact Checker | Facebook
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1.8K views · 23 reactions | This ASL video is part of the series on...
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One Big Beautiful Bill (OBBB) Video Series This ASL video focuses on new changes for charity and donations. OBBB added an above line deduction for donation, $1,000 for individual / $2,000 for married couple. Meaning can claim up to $1k/$2k against your total incomes before standard/itemized deductions and tax credits. Must have evidence of donations (letters, receipts, and thank you notes). OBBB limits corporation ( C type) donations to be at least 1% of their business taxable income up to 10% o
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One Big Beautiful Bill (OBBB) Video Series This ASL video focuses on senior deduction added by OBBB for 2025 to 2028 tax years. OBBB added $6k on the top of standard or itemized deduction for taxpayers who are at or above the age of 65 starting 2025. That means a single senior taxpayer can add $6k more to standard or itemized deduction, reducing the taxable income. If both married taxpayers are over 65 years old then get $12k more deduction on the top of standard or itemized deduction. However,
One Big Beautiful Bill (OBBB) Video Series This ASL video focuses on …
587 views5 months ago
FacebookDeafTax.com
One Big Beautiful Bill (OBBB) Video Series This ASL video focuses on new changes for estate tax and annual gift. OBBB revised the lifetime estate gift minimum to $15m lifetime allowance for an individual and $30m lifetime allowance for married couples. That number will be inflation indexed meaning each year, IRS will update the estate tax minimum based on inflation. Estate tax happens if a person dies and have assets (bank accounts, investments, properties, money, and business interests) worth o
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Treasury issues new guidance on wind, solar tax credits under the OBBBA
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