One Big Beautiful Bill: What It Means for Your Wallet and Your Family

The one big beautiful bill. What did it do for you and me? That’s the question. Because really, if a bill gets passed and it doesn’t help everyday families — you, your spouse, the folks we work with day in and day out — then what’s the point?

Well, this one? It actually does something. Let’s walk through it together. I pulled out the four biggest benefits I think really matter to the federal families we work with — and probably to you too.

1. The Standard Deduction Just Got Even Better

So many of you don’t itemize your deductions, right? You take the standard deduction. And guess what? That deduction just got a nice boost — and it’s been made permanent and adjusted for inflation annually.

• For families, that’s now $31,500.
• For single filers, it’s $15,750.

To put that in perspective:
Say you make $100,000 and you’re single — boom, $16,000 off the top. You’re only taxed on $84,000.
Now throw in a $10,000 TSP contribution? That drops your taxable income to $74,000.

It’s getting better and better, isn’t it?

2. Child Tax Credit — Locked In

The Child Tax Credit is sticking around at $2,200 per child.

Let’s say you’ve got two kids:
That’s $4,400 in credits, plus your $31,500 standard deduction.

We’re talking nearly $36,000 in tax-free income.

We’re winning, right?

3. Overtime Deduction — Finally, Some Relief

Now this one isn’t for everyone — but if you’re putting in the extra hours, this is big.

The Overtime Deduction gives you a $12,500 break.

So, if you earned $25,000 in overtime, half of that is now non-taxable.

That’s a huge help for all of you aircraft mechanics, maintenance workers, and anyone else in federal jobs where OT is just part of life.

4. Car Loan Interest — Yes, Seriously

Here’s a quirky one — but very cool.

If your car is 100% assembled in the USA, you can deduct up to $10,000 in loan interest in a single year.

Feels a bit like a throwback provision, but if you’re in the market for a new ride, this might be something to factor into your decision.

5. Real Estate Improvements — All in One Year

If you’re a landlord or you’ve got rental units, this one’s for you.

Instead of spreading out depreciation, you can now accelerate and write off 100% of your property improvement costs in one year.

Example:
You spend $40,000 per unit on upgrades, and you’ve got three units.
That’s $120,000 you can write off — all at once.

6. Tax Brackets Stay Low — At Least for Now

And here’s the cherry on top: the low tax brackets remain in place.

We thought they’d phase out in 2026. But they’re sticking around for at least another four years. That’s a gift for families, retirees, and anyone planning ahead.

Final Thought

You don’t have to work longer.
You just need a better plan.

This bill has real perks for real families — and if you know how to line up your income, your deductions, and your future goals, it can help you win now and for years to come.

Let’s talk soon.

Want to see how these changes apply to your life?
Schedule a 15-minute call here:
👉 https://calendly.com/charlesdzama/dzamatalk-complimentary-15-min-phone-call

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