022 - The One Big Beautiful Bill: What Doctors Need to Know (Part 2-Individuals)
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022 - The One Big Beautiful Bill: What Doctors Need to Know (Part 2-Individuals)
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Back again with more juicy bits from the One Big Beautiful Bill (aka O Triple B), and this time we’re talking about you, the individual, the taxpayer, the doctor with a mortgage, a kid (or one on the way), and probably more SALT than you’d like.
We’re diving into the expanded (but still frustrating) $40K SALT deduction cap, made-for-babies retirement accounts (yes, those are real), child tax credits, and how the standard deduction and tax brackets are sticking around for the long haul. Oh, and student loans? Surprisingly not the worst news. Plus a curveball: car loan interest might now be deductible, but probably not for you if you’re a high-earning dentist. Sorry.
TL;DR: A lot stayed the same (which is good), some things got tweaked, and some new stuff is... confusing, but potentially useful.
Throw on your USA jersey and give this one a listen.
Questions? travis@gouluru.com is always open.
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