The Big Beautiful Bill Basics Explained | Keep It Simple Podcast with Joey Bottinger 📌 Description In this episode of the Keep It Simple Podcast, host Joey Badingerbreaks down the recently passed Big Beautiful Bill Act and what it means for taxpayers, families, seniors, business owners, and high-net-worth individuals. Recorded at Asset Builder headquarters in Plano, Texas, this short episode cuts through the complexity to give you clear, actionable takeaways in about 10 minutes. You’ll learn how the new law affects: Income tax brackets, deductions, and credits Seniors’ tax benefits and enhanced deductions Estate and gift tax exemptions for high-net-worth individuals Business owners and the Section 199A deduction Families, education planning, 529 plans, and ABLE accounts “Trump Accounts” (Treasury Accounts) created for newborns No tax on tips & overtime (through 2028) 👉 If you have questions or want personalized guidance, contact our team at podcast@assetbuilder.com or visit assetbuilder.com. ⏱️ Timestamps 00:00 – Disclaimer & Introduction – Host Joey Badinger, Asset Builder Podcast01:00 – Overview of the Big Beautiful Bill Act02:00 – Tax provisions for all taxpayers (standard deduction, SALT cap, AMT, child tax credit, charitable deductions)04:00 – Senior benefits: $6,000 enhanced deduction through 202805:00 – High-net-worth individuals: estate & gift tax exemption increases06:00 – Business owners: Section 199A 20% QBI deduction made permanent07:00 – “Trump Accounts” (Treasury Accounts) for children born 2025–202809:00 – Comparing Trump Accounts vs 529 Plans & Roth IRA options10:30 – Updates to 529 Plans & ABLE Accounts12:00 – No tax on tips and overtime pay (through 2028)13:00 – Final thoughts & how to get advice from Asset Builder 🔑 Keywords for Discovery Big Beautiful Bill Act explained, Joey Badinger podcast, Asset Builder Keep It Simple Podcast, tax changes 2025, Trump Accounts explained, SALT deduction 2025, estate tax exemption 30 million, Section 199A business deduction, 529 plan updates 2025, ABLE accounts tax benefits, no tax on tips 2028