2025 Tax Changes You Need to Know | 4 Big Beautiful Bill Deductions Explained

Episode 33 - The Big Beautiful Bill: 4 Key Tax Changes You Need to Know for 2025

In this episode of Full Throttle Finance™, we’re breaking down 4 key tax changes from the Big Beautiful Bill that will directly impact 2025 tax returns for middle-income households. From a new senior deduction to a temporary car loan interest write-off, plus updates to the child tax credit and inflation adjustments to tax brackets, we unpack what these changes mean for your wallet — with real-world examples, pros & cons, and strategies to maximize your deductions.

If you want to understand how these new tax rules could help you save more — or cost you more — this episode is a must-watch.

📌 Topics Covered:
✅ How inflation adjustments to tax brackets will now be calculated — and why it might lead to bracket creep.
✅ Who qualifies for the new car loan interest deduction and why it’s more restrictive than it sounds.
✅ A new senior-only deduction that stacks on top of the standard deduction.
✅ An increase to the child tax credit and the new inflation indexing that makes it grow automatically each year.
✅ A "mega deduction" scenario that shows how these rules could stack for certain taxpayers.