Beyond the Headlines: What the OBBB Means for Your Finances
This month’s edition of the LynnLeigh Journal is packed with real-world planning insights from the newly passed One Big Beautiful Bill Act (OBBB). While the headlines have been focused on promises of “no taxes on Social Security” and expanded deductions, the reality is more nuanced—and more strategic.
We break down what actually changed in ways that matter to our clients and readers:
The new $6,000 deduction for retirees (and why it helps even if you’re not collecting Social Security yet)
The temporary boost to the SALT deduction cap—and how income phaseouts may still limit the benefit
Fresh, quirky planning tools like the new starter account for newborns and deductions for tips and overtime
But more important than the rules themselves is the window of time they’ve opened: 2025–2028 may be the best time in the next decade to realign your tax, gifting, and income strategies.
We also include a link to download our 2025 Key Financial Data Guide—a free, easy-to-use two-page summary of this year’s most relevant tax numbers and planning benchmarks.
Bottom line? These aren’t changes to ignore. But they also aren’t plug-and-play.
Let’s help you sort through what matters, what doesn’t, and how to make the most of this planning window.
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