[2025-07-03] The Big Beautiful Bill - Unbiased Breakdown: What It Means for Your Money ...

Finance with Arvin

Thursday, July 3, 2025

The Big Beautiful Bill - Unbiased Breakdown: What It Means for Your Money Explained in Summary

The new revised edition of President Donald Trump's One Big Beautiful Bill just passed. Now it's time for the Big Beautiful Bill explained in summary and how it could affect your taxes, deductions, overtime, tips, auto loan, government benefits, and personal finances. This comprehensive breakdown reveals how the new law will impact your money in 2025, 2026, and beyond! Strictly in relation to personal finances, not based on opinions, politics, or anything like that.

Whether you’re a taxpayer, a family with kids, someone who works a lot of overtime, or someone navigating their personal finances, understanding these changes is essential and knowledge is power.

Stay informed on the latest major personal finance updates, news, and ways to put your money to work harder and smarter. Don’t forget to subscribe for ongoing personal finance insights and money tips to keep your finances thriving.

0:00 Intro
0:30 Income Tax Rates & Standard Deduction
1:55 Child Tax Credit
2:54 Senior Bonus Deductions
3:50 Tips & Overtime
7:00 Car Loan Interest Deduction
9:00 SALT Deduction Cap
10:08 Self-Employed & QBI Deduction
10:54 529 ABLE HSA
11:48 SNAP Cuts and Benefits Update
13:18 Medicaid Cuts and Benefits Update
15:16 Outro

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*Not financial advice. For educational and entertainment purposes only.

#bigbeautifulbill, #donaldtrump, #taxdeductions, #personalfinancent

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The use of any copyrighted material in this video is done so for educational and informational purposes only, including parody, commentary, and criticism. See Hosseinzadeh v. Klein, 276 F.Supp.3d 34 (S.D.N.Y. 2017); Equals Three, LLC v. Jukin Media, Inc., 139 F. Supp. 3d 1094 (C.D. Cal. 2015). It is believed that this constitutes a "fair use" of any such copyrighted material as provided for in section 107 of the US Copyright Law.