Tax Saving Tips
Maximize your savings under Trump's 2025 tax changes
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Maximize Your Savings
Strategic tips to take full advantage of the Big Beautiful Bill Act
Learn how to optimize your tax situation under the new OBBA provisions
1
Itemize vs. Standard
Compare itemized deductions with the new higher standard deduction ($15,750 single, $31,500 joint).
- • SALT deduction up to $40,000
- • Mortgage interest
- • Charitable contributions
2
New Deductions
Take advantage of the new OBBA deductions for tips and overtime.
- • Tips: Up to $25,000
- • Overtime: Up to $12,500
- • Auto loan interest: Up to $10,000
3
Child Tax Credit
Ensure you claim the enhanced Child Tax Credit of $2,200 per child.
- • Up to $2,200 per child
- • Fully refundable
- • Higher income limits
4
Senior Benefits
Seniors get a $6,000 bonus deduction under the OBBA.
- • $6,000 bonus deduction
- • Higher standard deduction
- • Lower tax rates
5
Income Timing
Consider the timing of income and deductions to maximize benefits.
- • Defer income if possible
- • Accelerate deductions
- • Plan for phase-outs
6
Professional Help
Consult with a tax professional for complex situations.
- • Complex deductions
- • Business income
- • Multi-state filing
Key Strategies
For High Earners
- ✓ Maximize SALT deductions
- ✓ Consider itemizing
- ✓ Plan for phase-outs
- ✓ Optimize timing
For Families
- ✓ Claim Child Tax Credit
- ✓ Use standard deduction
- ✓ Consider new deductions
- ✓ Plan for education
Calculate Your Optimal Strategy
Use our tax comparison calculator to see how different strategies affect your tax liability under Trump's 2025 tax changes.