Episode 33 - OBBB: 4 Key Tax Changes You Need to Know for 2025

The 2025 tax season is bringing some big shifts — and we’re breaking down the four most important changes you need to know so you can plan ahead and maximize your savings. In this episode of Full Throttle Finance™, we dig into how the new legislation, known as the Big Beautiful Bill, could impact your paycheck, your deductions, and your overall tax strategy.

From helping seniors keep more of their retirement income to giving parents extra tax relief, these updates affect more than just high earners. Whether you’re a business owner, employee, or family planning your household budget, understanding these changes now could save you thousands next year.

What We Cover in This Episode:

• New Senior Deduction – How taxpayers 65+ can claim an additional deduction for 2025–2028.

• No Tax on Car Loan Interest – Who qualifies for this new $10,000 annual deduction and the key rules you need to follow.

• Inflation Adjustment to Tax Brackets – Why this matters for avoiding “bracket creep” and how it affects your 2025 taxes.

• Enhanced Child Tax Credit (CTC) – The increase from $2,000 to $2,200 per child, inflation indexing, and the extension beyond 2025.

We also explore real-world examples, like how these changes could add up for a single parent in California, plus the pros and cons of each new provision.

🎧Why This Episode Matters:

The sooner you understand these updates, the better you can prepare — whether that’s adjusting your withholding, timing big purchases, or updating your financial plan.

🎧 Available on Apple Podcasts, Spotify, YouTube, and wherever you listen.