BREAKING: Trump JUST Signed The LARGEST Tax Cut In American History - What’s Inside!

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Join Helium Mobile: https://hellohelium.com/ Helium Mobile: Sign up (even for the FREE plan) & get $10 in Cloud Points with code GRAHAM: https://app.heliummobile.com/o6WA/xlueg7ye | Trump Just Signed "The Big, Beautiful Tax Bill" - Here's what's inside, what this means for you, and the tax cuts and changes for 2025 - Enjoy! Add me on Instagram: GPStephan GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter Note: Consult a CPA for your own situation. This is NOT Tax Advice.For illustrative purposes only. -No Tax On Tips One: You must work in an industry where tipping is customary (like being a server, bartender, hair stylist, or taxi-driver) Two: Tips must be paid voluntarily, not negotiated, or included automatically as a ‘service charge’ - both Cash AND Credit Card transactions count. Three: You can't be a “high compensated employee,” meaning - you must have an income below $150,000 / year single or $300,000 / year married. Four: The maximum you can claim is $25,000. -No Tax On Overtime One: If you work overtime (more than 40 years in a week), this bill proposes a deduction of that same amount against your taxable income. Limited $12,500 single and $30,000 if you're married. Two: You must make under $150,000 per year single / $300,000 married. Three: This would apply for tax years 2025-2028. Four: Only the "overtime" portion of your paycheck is eligible to be tax free (not the entire amount) -The SALT Deduction This new bill will increase the state and local tax deductions to $40,000, but only if your adjusted gross income doesn’t exceed $500,000 per year (otherwise, it phases out and the original limit of $10,000 would apply). -Deducting Interest On Personal Car Loans This bill will allow you to deduct interest payments on personal use vehicles, up to $10,000 per year, for tax years 2025-2028, but only for vehicles made in the USA. This would start to phase out for income earnings who make above $100,000 per year single, or $200,000 per year married. -Eliminating Clean Energy Incentives This bill would cancel the $7500 EV tax credit, among other Solar and Home Energy incentives beginning September 30th, 2025. -The $1000 'Trump Account' This bill would give eligible children born in the USA a one-time payment of $1000 to be invested for qualified expenses (first time home purchase, education, and business start-up expenses). -Extending Tax Cuts and Jobs Act This is a tax plan was was implemented in 2018, scheduled to expire in 2025 - but now, the top tax bracket will remain at 37%, versus the previous 39.6%. This alsos renew bonus deprecation, pass through deductions, and much more. -No Tax On Social Security (Kind Of) This bill adds a $6000 standard deduction for those collecting social security, phasing out above $75,000 per year if single or $150,000 per year if married. Timestamps: 00:00 - Trump Tax Plan Has Been SIGNED 01:26 - Tax Cuts And Jobs Act Has Been Extended 01:59 - No Tax On Tips 02:57 - No Tax On Overtime 04:00 - $40,000 SALT Deduction 05:14 - SALT Deduction Loophole 06:17 - Save Money On Your Phone Bill! 07:51 - 6 Substantial Tax Savings 10:43 - Auto Loan Deductions 12:30 - No Tax On Social Security 13:13 - The "Free" $1000 14:15 - The "Big, Ugly Bill" Downsides and Cost My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB For business inquiries, you can reach me at [email protected] *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice.