The Big Beautiful Tax Bill Breakdown: What Small Biz Owners Need to Know

In this episode of Disrupt Your Money, we pull back the curtain on the One Big Beautiful Bill Act (OBBA)—the shiny new “tax relief” law that’s being sold as a gift to families and small business owners… while quietly shoveling billions toward corporations and high-income households. Spoiler: the marketing doesn’t match the math.

Meg walks through what actually changed in OBBA. From the SALT cap drama to the child tax credit tweak, she shows you who really wins and who’s getting crumbs.

Instead of just doom-scrolling headlines, you’ll learn how to make this law work for you where it can, understand where it falls short, and use that clarity as fuel—not shame. 

⏱️ In This Episode:

00:00 Introduction: Why this new tax law matters for our communities
01:43 Breaking down the One Big Beautiful Bill Act (OBBA)
05:20 “Win” #1 – The 20% pass-through (qualified business income) deduction
06:25 “Win” #2 – Standard deduction changes
07:18 SALT cap drama
11:05 How OBBA boosts the Child Tax Credit a bit while adding new earnings requirements that shut out the lowest-income families
16:57 New itemized deduction for auto loan interest
22:36 Healthcare on the line
26:36 How OBBA funnels most benefits up the income ladder while giving temporary crumbs to everyone else
28:12 What to do with this information
30:47 Final recap: what to watch in 2025–2029, how to use the small wins without falling for the spin, and staying politically awake without burning out

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🚀 Your Next Step:
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Transcript

SPEAKER_00 1:11

The world wasn't built for us, but we're building anyway. Welcome to Disrupt Your Money, where we talk about what it really takes to build equitable, impactful, and generational wealth in a system designed to keep marginalized folks from it. I'm Meg Kay Wheeler, she her, CPA, money educator, and founder of the Equitable Money Project. And every week we're having the kind of conversations that spark change. The ones that challenge power, question norms, and move us towards collective wealth and liberation. Because wealth isn't just personal, it's political. Let's disrupt some money. Well, hey there, friends, and welcome back to another episode of Disrupt Your Money. So I want you to grab your tea, I want you to get comfy. We are gonna dig into something today that may sound scary, but I promise you we will make manageable, and that is your tax bill and how the new tax law, that one beautiful big bill, whatever they're calling it, is shaking things up for small business owners just like you and me. Now, you know my motto, you cannot grow what you do not know. So today we're gonna pull back the curtain and look at what's changed, what you should watch and what you can do now to make this law work for you instead of having it surprise you. So, first off, let's talk about the actual bill. It's called the One Big Beautiful Bill Act. We're gonna call it the OBBBA for short, because I definitely do not want to call it the Big Beautiful Bill. It was signed into law on July 4th, 2025. Now, it is an incredibly hefty piece of legislation and it touches lots of different things: individual taxes, credits, deductions, business provisions, reporting rules, and more. Now, for our audience, which tends to be service-based or online small business owners, solo entrepreneurs, you know, online folks, you might not be making giant capital investments. You might not have dozens of employees. So a lot of the stuff in the bill actually may not affect you that much, but you do have to know how this law will affect you. So I'm only gonna focus today on the pieces that you are probably gonna care about. I'm gonna keep the stuff related to like the heavy assets and capital investments pretty light. Over on our YouTube channel, the Equitable Money Projects YouTube channel, we dive a little bit deeper into that stuff. So if that uh is something that applies to you, head on over there. But let's start here today with what has changed that potentially directly impacts you. So on the surface, the OBBBA might look like a win when it comes to certain things. So there are some bigger deductions, some, you know, increased credits, some lower taxes. But underneath those shiny headlines, this is a deeply inequitable law that funnels the biggest benefits to wealthy individuals and large corporations, big surprise, while offering only temporary relief for everyone else. And that's a key piece you're going to hear me talk about today that I really want you to understand is that even when something actually does help you and I today, in pretty much every situation, it's a temporary benefit. It's something that goes away in a couple of years. And the timing on when those things go away is not by accident. They have designed this thing beautifully so that these benefits will expire after critical elections. That's intentional. Okay. What this bill does do that is so harmful, but is not obvious on its face is that it expands the deficit. And it sets up future cuts to social programs, which, you know, depending on exactly what's happening when this episode comes out, we we've just come out of, like literally yesterday, last night voted to come out of the government shutdown when SNAP benefits were at risk. But healthcare costs because of the revocation of the premium tax credit is still very much a big issue. Maybe by the time this episode comes out, we'll have more information on that. But these are the types of cuts that this bill has caused. So cuts to SNAP programs, cuts to Medicaid, cuts to just health insurance, tax credits for everybody. And so this bill continues a pattern of tax policy that widens the wealth gap instead of closing it. And that's why it's so scary. But I think what, again, another takeaway that I really want you to understand here is what this bill does really well is makes it look like it's a big win for everyday people. When in reality, both because of the fact that those benefits are temporary, but also the underlying cost and impact of this bill is it's actually really detrimental and devastating to everyday Americans. And that I think is the most important thing to understand here. But let's actually dive into the specific provisions of this bill because some of them may benefit you temporarily, even if elsewhere other things are getting worse. So the first win, and yes, I'm doing air quotes on that, is the pass-through deduction. This is the qualified business income tax deduction. So this is a 20% deduction on qualified business income. This deduction has been around for a few years. So you may be familiar with this deduction. One thing that's happened is this has actually been made permanent. Now, this is actually one of the benefits that is not temporary. So this has been made permanent, unless it gets changed by some tax legislation in the future, will continue to be a deduction that's available. So this is actually a good benefit because if you operate as a sole proprietor or an LLC taxes a sole proprietor, or even an S-corp, you've likely used this deduction or maybe plan to use this deduction. And so by making it permanent, it means you can continue planning around that deduction going forward without worrying that it will expire next year. So this is actually a good one. I'll give them a point for this because making it permanent takes away that uncertainty that a lot of us face just in general when there are tax deductions or credits that are not intended to last forever. I do want you to remember with this one that there are income limitations. So if your income is too high, you may not qualify for this, but that was always the case. That did not change. All right. So next up is the standard deduction and some related individual deduction changes. So the OBBA makes the elevated standard deduction, which is what we've had for the last six years, permanent for the most part, which means that if you're taking the standard deduction instead of itemizing, your baseline deduction stays higher. So let's back up a second in case you're like, what the hell is a standard deduction? It has for a very, very, very long time been the case that every taxpayer, whether or not you have a business, has the option to take either the standard deduction, which is a fixed amount. It gets set every year and it can change every year, but the government sets it, or itemize their deductions, which means they can take certain deductions, things like mortgage interest, medical payments, state taxes, charitable contributions. They can add all those up and deduct those instead of the standard deduction. Now there are income limitations on itemized deductions. There are other caps on itemized deductions. We're going to talk about the salt cap, which is one of them in a second. But that was always the choice. Six years ago, when this administration, the same president passed a tax bill back then, one of the biggest changes was making the standard deductions significantly higher. Now you may think, well, that sounds really great. And in theory, it wasn't bad. But on the flip side, what they did when they made it higher was they took away something else, which were personal exemptions. Every taxpayer got a set amount of money that would just come off of their taxable income, personal exemptions. And so they basically traded one for the other. So that's what happened six years ago. So for the last six years, we've had these higher standard deduction amounts. Lots of people, probably most people, take the standard deduction instead of itemizing because they wouldn't have enough individual deductions to add up to exceed the standard deduction. So if you've been taking the standard deduction instead of itemizing, the good news is that the higher standard deduction amounts are going to stay higher. Great. And again, much like with the qualified business income deduction, this is a permanent change. And the benefit of being a permanent change is that you can now count on it instead of worrying about what's going to happen after it expires, you know, what will be the case for next year. Now, of course, future legislators could change this, but for now it's permanent. All right, so another big change is the deduction cap for state and local taxes, or what we call SALT, SALT. This has been increased for a period of years. So let's do a little bit of backstory in this one too. One of the itemized deductions that I just talked about is state and local taxes. So if you live, let's say, in California or New York or Massachusetts in a particularly high tax state, this has probably been beneficial to you in the past, where if you itemize your deductions, you can deduct your state income taxes on your federal tax return. Now, one of the things they did when they had the tax law changes six years ago was they put a cap on this and they put the cap to$10,000. So you couldn't deduct more than$10,000. Now, what's important to understand about that$10,000 cap is it's not just on your state and local income taxes, it's also on your state property taxes. All of those taxes get combined into one bucket. So six years ago, they started being capped to$10,000. This was also incredibly intentional because I mentioned the taxpayers that live in the states that are most likely to benefit from this are the ones that live in California, New York, Massachusetts. What do we notice about those states? They're all blue states. So when the Trump administration six years ago put their tax bill forward, they put this cap in place, knowing full well that it was going to impact people who were most likely not their voters. So that was why they did it. Well, here's one thing they did this year that was a little bit interesting because in theory, it actually kind of helps blue voters, which is that they raised the cap on those salt deductions from$10,000 to$40,000. Now, this starts with the tax year beginning January 1st, 2025. So in the year we're in, which by the way, is rare. Usually tax law changes happen future looking. This was one that they went back for, but this is one of those temporary changes. It only goes through December 31st, 2029. So it's great for a few years, but then it's going to go away. So if you are an itemizer and you live in a high-tax state, this could matter, but, but, but, but, but, but here's the downside, and here's why it wasn't exactly a win for blue states. They have added in income limitations. So people who are likely to have state income tax bills that are higher are, of course, people with higher incomes. So it's an open question as to how many people this will actually affect. And again, keep in mind after the 2029 tax year, it's slated to revert or drop down to the lower cap anyway, unless further law changes. So probably not as big of a win as it's being made out to be. All right, so now let's move over to talk about some kind of like family consumer side things that matter for you as a small business owner. The child tax credit is boosted under OBBA. So the child tax credit, if you have children, you're probably aware, is a tax credit. Now we like tax credits better than tax deductions because tax deductions reduce our taxable income, which is what we then apply a tax rate to to get our tax liability. Tax credits reduce the liability directly. So they have a greater impact. So the child tax credit is a credit, not a deduction. And it's been$2,000 per child for a while. There were some increases during the COVID years. Those were very specific because of the pandemic. But for the most part, it's been$2,000 per child. They have now increased it to$2,200 per child. This starts in the tax year 2026. So this is not 2025. And it does get indexed for inflation. So if you have kids, this is a change, but I'm going to be honest with you, it's not a huge one. It's$200. Yes, it is a credit. So it will save you$200 in actual taxes, but it's just not that big of a number. And it's also estimated that the new requirements for this credit, because yes, they've added in some new requirements, are going to result in nearly 3 million American children not qualifying for this credit who would have previously gotten it. Okay, so what are these requirements? Well, not surprisingly, they're likely going to impact immigrants and lower income families the most. So new this year is the requirement that at least one of the parents or guardians has to have a social security number to qualify for this tax credit. Now, in the past, if your child was US born and had a social security number, you could get the credit even if you were not. That basically is now going away. Okay. So that is definitely going to harm a lot of folks in our immigrant communities. Now, historically, one of the issues with this credit is that it's not refundable. And what I mean by that is when we have credits, credits can either be refundable or not refundable. So a refundable credit is a credit that you get whether or not you owe taxes. So let's say you have a tax liability of$1,000 and there's a$1,500 tax credit and it's refundable. It's going to wipe out your$1,000 tax bill and you're going to get a$500 refund. That's a refundable tax credit. Let's look at what a non-refundable tax credit is. Same example,$1,000 tax bill, you have a$1,500 non-refundable tax credit. It will wipe out your$1,000 tax bill, but you won't get that$500 as a refund. Okay. So that's the difference. So we like refundable credits a lot better than non-refundable credits. So historically, one of the issues with this credit is that it's not refundable, meaning that folks with very low income wouldn't actually qualify because they didn't have high enough of a tax bill to be offset by these credits. And again, it was non-refundable. Now, Democrats have been trying to fix this issue with this tax credit for many, many, many years with no luck. This does not get fixed under the OBBA. And in fact, it actually gets worse. But okay, if you have sufficient income and you have a social security number, then you may qualify for the extra$200. But bottom line, not really that big of a benefit, even though it's being touted as this huge deal. All right, so let's move on to charitable contributions. Effective January 1st, 2026, individuals who don't itemize, remember, I talked about standard deduction versus itemizing, will be allowed a deduction for cash contributions. Now, we actually had this for two years during COVID. I think it was two years during COVID, when normally the only way to deduct charitable contributions on your tax return is to itemize. During COVID, because they were trying to encourage people to give to organizations, they had like a one-time thing where you could deduct charitable contributions up to a certain amount. I'm completely blanking. I want to say it was like$250 or$300 or$500. I should remember this. I've blocked out the COVID years, but you could do that even if you didn't itemize. They've brought this back, starts in the 2026 tax year, and you'll be allowed a deduction for cash contributions. So you're you're donating money, not furniture or clothes or volunteer time, up to$1,000 or$2,000 if you're married filing jointly. So, you know, again, previously you could only deduct charitable contributions if you itemized, which is not something that a lot of folks, especially lower income folks, do. And so this one actually does feel like a bit of a win, especially since many of our clients do donate to charitable organizations and never get a deduction for it because they don't itemize. All right. So the next one that is an interesting change, which again sounds like a huge win, but uh isn't really, is on auto loan interest. So there is now going to be a deduction up to$10,000 per year for interest that you pay on auto loans. Now, this is on just your personal vehicle. This has nothing to do with business, but I know a lot of our clients use their personal vehicles in their business. So this in theory is something that maybe would help you. But here's the catch, a couple of catches. Number one, it's for qualifying US assembled new vehicles. And number two, they have to be purchased between January 1st, 2025 and December 31st, 2028. And by the way, there's also income limits. So let's dive into these. Okay. So first of all, the vehicle has to be new. It cannot be used. I hate that because I feel like in this world where we're trying to save the world from the climate crisis, it's really nice to see tax benefits that are allowable on used vehicles so that we can encourage more and more people to go buy used, right? But that's the rule. It has to be new. All right. Second, the loan has to have started, like I said, between January 1st, 2025 and December 31st, 2028. And so again, this is a temporary deduction. This is not a deduction that you're going to get forever. Third, the deduction starts to phase out when your income, what we call your modified adjusted gross income, which is a specific number on your return, is$100,000 or more, or$200,000 or more if you're married filing jointly. Okay. So basically this is intended to support, you know, lower income or middle income folks. But let's think through the math here because the way this is being touted is oh, you're gonna go get a$10,000 deduction for your auto loan interest. Let's just do some math. The deduction starts to phase out at$100,000 if you're filing single. Someone who earns$100,000 is probably purchasing a vehicle of$50,000 or less. This is not me just making this up. This is like actually doing research into what people who make this kind of money can spend on a vehicle. If you earn$100,000, you probably cannot afford a vehicle that costs more than$50,000. Now, the average auto loan interest rate right now is about 7%. So if you get a car loan for five years, which is about the average, the total interest in your first year, which is going to be the highest year when your balance is the highest, is just over$3,000. So while the law allows for a deduction of up to$10,000, you're only going to get a tax deduction of$3,000. And that's assuming that your income stays under that$100,000 threshold. And let's be clear, even someone making$100,000, and I'm saying they might buy a car up to$50,000, that's still a pretty expensive car for someone making$100,000. Okay. Now, in order to take full advantage of the annual deduction amount, if you said, I want, I want to get the full$10,000, how do I do that? You'd have to purchase a$150,000 vehicle, which is not something that someone with an income of$100,000 a year is likely going to be able to do. Maybe it's something that a married couple making up to$200,000 will do, but it's still not a great financial decision. So the chances of them actually qualifying for that loan are slim to none. So yes, there is a benefit here, but a lot of it is smoke and mirrors. And also, we haven't even talked about the part where the vehicle needs to have final assembly in the US. This is a key critical component because just under half of the vehicles sold each year meet this requirement. So not even 50% of the available cars will qualify for this deduction. So 50% of car buyers are already excluded from this deduction before factoring in any of the other barriers. All right. So now I want to circle back to, I can't believe I just said circle back. That was a revisiting from my corporate times, and I apologize profusely to my audience and to myself. But let's talk about another thing that matters to you, the small business owner. We already talked about the QBI deduction. That's that qualified business income deduction. I want to give you just a few more. The law changed reporting thresholds for certain things like payments via digital platforms and 1089K or 1089 NEC reporting in order to simplify or shift the burden. So you might be thinking, what are you talking about? Well, let's just a little backstory here. So the 1099 NEC is a tax form that you receive when you work as a non-employee in a business. So as a contractor, freelancer, whatever. You may also see these in your own business if you're providing services to other businesses. The 1099K is the form that platforms like Stripe and PayPal give you every tax year for all of the sales, all of the money that you've received through their platforms, just on a business level, not on a personal level. In the past, the rule has been that the 1099 NEC only has to be issued if the amount paid over the year is$600 or more and it was paid through cash check or ACH bank payment. So one of the changes raises the threshold for the 1099 NEC from$600 to$2,000 starting in 2026. So you may be seeing fewer 1099 NECs and you may have to issue fewer 1099 NECs. However, I will say stay tuned for the final provisions on this because we want to make sure we fully understand the new rules. The provisions are the things that come out after the bill is passed that tell us exactly. Exactly how it's going to work. But that means fewer micropayments will require reporting now, which could reduce administrative benefits. So not necessarily a bad thing, although probably makes it more likely that people are going to not report their income more when they receive these types of income. All right, now I want to move to probably the really big one in this bill because this is the one that has led to the shutdown. And this is the premium tax credit. This is the one that, by the way, is hitting a lot of us squarely in our own wallets. So the OBBBA rolled back the expanded version of this credit that we've had since the pandemic. Well, what is this credit? The premium tax credit was designed to subsidize the cost of healthcare premiums to make healthcare more affordable for folks. If you buy a health care insurance plan on the marketplace, the premium tax credit was provided to you based on your income level in advance in the form of a reduction of your premium. So if your premium was$800, the premium tax credit you qualified for was$500, all of a sudden your monthly premium was actually only$300. And then when you went to file your tax return based on your income, there would have been a calculation on your tax return of exactly how much premium tax credit you qualified for based on that income. And if you qualified for more than you ended up getting, you'd get a refund. And if you actually got more premium tax credit than you should have gotten in advance in the reduction of healthcare premiums, then you'd have to pay some of it back. All right. So the OBBBA rolled back the expanded version of this credit, which means that starting in 2026, the income limits will tighten again significantly. And the extra subsidies that helped keep marketplace health insurance affordable are going away. People are seeing this now as they're doing open enrollment and their healthcare costs are sky high because there's no premium tax credits showing up for folks. So for many self-employed folks, especially those whose income bounces from month to month, this is going to mean higher monthly premiums, smaller or no credits, and in some cases, like losing eligibility altogether. And so you could end up paying thousands more in 2026 for the same healthcare coverage. Now, this is exactly why the Democrats kept holding out on, you know, on this shutdown, on ending the shutdown, because the Republicans refused to address premium tax credits to bring them back. And in fact, and again, by the time this episode comes out, maybe we'll have more information, I hope. But when I'm recording this, the shutdown has, you know, just been, has just ended. Both the House and the Senate have just voted to end the shutdown. But in the Senate, it barely passed. There were eight Democratic lawmakers who did support to end the shutdown. And the reason they said they supported it is because they were promised by the president and the Senate that there would be a vote on bringing back the premium tax credit. Now, we can have a whole an entire episode on whether or not that was a good decision and whether or not that vote will actually happen. And were they, you know, were they swindled and lied to, who knows? Let's hope that they weren't. Let's hope that this actually happens and the premium tax credit comes back and people's health insurance is more affordable. But this is a really big deal. And it's one of the biggest hits of this tax bill because I have seen people submitting to their legislators, like showing them what their insurance will cost now, and it's going up 4x, 5x, 10x. So this is a huge issue. There's lots of people out there right now who are not going to get insurance because they just literally cannot afford the premiums. And by the way, if you are one of those people, please take a screenshot of the quote you're getting and send it to your representative. I spoke to my representative's office here in Massachusetts, obviously very supportive of the premium tax credit, but they said, please send us proof so that we have lots of evidence of what people are struggling with so that we can keep fighting for this. Okay. Now, another one I want to mention, and this probably doesn't apply to most folks, but I mentioned at the very beginning of this episode there were some changes for people who invest a lot of capital in their business. We talk about it a little bit more in the YouTube video, but I'll mention it briefly here. The OBBBA makes a hundred percent bonus depreciation permanent for qualified assets that uh qualified fixed assets that you may purchase in your business. So things like office furniture, equipment, et cetera. Again, it's nice to have the stability of this. It's nice to have it be 100%. It was going down 80, 60, 40, 20 until it was going to phase out. So if you buy a lot of fixed assets for your business, this may be helpful for you. It also increases section 179 limits, which is another way that you can get a faster deduction on fixed assets you buy for your business to$2.5 million for certain property placed into service starting in 2025. Again, probably not likely to affect any of y'all, but I just want to throw it out there in case you do have a capital heavy business. All right. So now that we've looked at what's changed, I just want to bring it back again to talk about, as we wrap up here, why this matters to you. If you're a small business owner and you're running a solo service business or coaching online, whatever it might be, you need to know how these changes affect your bottom line, your tax planning, and your wealth building strategy. Because one of the reasons that we exist at Equitable Money Project is to help marginalized small business owners build generational wealth. And taxes aren't just part of a aren't just a burden in that, they're part of the actual strategy. So let's just talk about a few quick scenarios. If you're a sole proprietor or LLC taxes a sole prop and you've relied on the qualified business income deduction, that 20% deduction, knowing that it's permanent now means you can actually plan for it. It can be part of your tax strategy, which is great. You don't have to worry about that deduction vanishing and then you having a bigger tax bill. So we like that. If you have dependence, or if you are, you know, building business income, but you also claim a lot of like personal credits and deductions, that child tax credit bump might help you. That auto loan interest might help you, that charitable deduction may help you more because it's a was structured better to help. But again, they might not completely apply to you. You might be phased out, or you might not get as big of a benefit as it sounds like you're being promised. Now, if you live in a high tax state and you itemize the higher salt cap could reduce your personal tax liability. But remember, you may not benefit it from it as much if your income is over those income thresholds. Now, if you track your small business expenses and you keep good books, which we always encourage, you know, you're in a good position to benefit from these changes instead of just missing out on them. So I think it's really important at this time to really stress that that if you have been ignoring your bookkeeping, now is maybe the time to jump back in and make sure everything's cleaned up. Because the best way that your tax advisor can help you take advantage of these deductions and changes is to know exactly what's going on. And then lastly, if you have self-employed health insurance, as I talked about, it's likely you're gonna see your premium tax credit reduced or eliminated and your monthly out-of-pocket increase. And I think that is going to be the biggest thing here. And so I highly encourage you to keep calling your representatives and staying on top of them to make sure that that does not fall away, especially if you have Republican representatives. All right, so let's get practical. What do I want you to do this week so that you're ahead of the game when it comes to tax season? First, like I said, make sure your bookkeeping's cleaned up, find out where your profits are at. If you're earning more this year than last, recognize that that's gonna make your personal return shift and talk to your tax advisor earlier so that you can really understand exactly how. Next, I recommend you review your entity structure. Are you still operating as a sole proprietor? Does it make sense to do the S-Corp election? This isn't specific to the bill, but the end of the year is a really good time to evaluate this. And so if you haven't looked at this in a few years or never, then I would definitely talk to your tax advisor about it. And then third, I would just take a look at your personal, you know, non-business tax credits and deductions. Do you have kids? Are you planning charitable contributions? Are you considering the new car purchase? Talk with your tax advisor about how to do those in a way that you can maybe take advantage of some of the changes in this film. And then fourth, set up your tax savings bucket if you haven't already. This is uh one of the core habits in our community. With shifting tax rules, the margin between your business profits and the tax owed may change. And so decide now what percentage of every dollar you earn will go into that tax savings bucket. Because if you wait until April to worry about that tax bill, you know, you may end up being behind. And that can be super stressful. And lastly, I recommend, highly recommend that you block time for a quick check-in with your tax preparer or advisor. If you don't have one, block time for your own review. If you want one, head over to equitablemoneyproject.com forward slash tax to get on our waiting list. We open up spots to our Equitable Wealth Builders Pro program in December, but we give everyone on our waiting list gets a special offer. So I highly recommend you do that. Again, that's equitablemoneyproject.com forward slash tax. But if you're doing this on your own, you know, give yourself 30 to 60 minutes in the next few weeks to walk through the law changes, look at your business numbers, look at your personal stuff, and build a list of, okay, will this law change my decision or change my situation? And should I adjust something because of this? And if the answer is yes, then make a plan for doing so. Now, before I wrap up, I just want to pull this together for you. The OBBBA matters, not because it's some fancy law that only mega corporations care about. It matters because you, the small business owner, are influenced by the tax law of the land. In fact, many times more than the big mega corporations. Every dollar that you make, every expense you claim, every deduction you miss, and every decision you delay or ignore makes a difference in your path to equitable, impactful generational wealth. Because remember, building wealth is our greatest way of eradicating economic inequity. If you ignore your taxes, you're letting others dictate your destiny. And if you lean into them, you get to use them like tools, which is pretty cool. This law does give some predictability, although, again, TBD on how long that lasts with the next administration. It does give you potentially new benefits, but again, TBD on exactly how much you get to take of those. But it also demands that you stay engaged because the effects of this law go well beyond what's written in the text. So the choice is yours. So go ahead, pull those numbers, review your structures, save for your tax bucket, and plan how you can use these changes to serve your mission, your business, and your future. Because you've got the foundation. Now let's use this law as best as we can to your advantage, as much as you can. And thanks for tuning in, friends. What's happening in Washington is terrifying and it is affecting us and it's affecting our wallets every single day. And the only way that we're going to build wealth and disrupt our money is if we're paying attention. Thanks for tuning in to disrupt your money. If this episode got you fired up, don't just sit on it. Take action. Grab your free wealth as resistance action kit at equitable moneyproject.com forward slash kit and start using your money as a tool for change. And hey, hit subscribe and leave a review to help more folks join this movement. See you next time. Let's keep disrupting.