Social Security and Medicare: A Race Against Time
Social Security and Medicare: A Race Against Time Each year, the Trustees of the Social Security and Medicare trust funds provide detailed reports to Congress that track the progra
OBBBA builds on the 2017 Tax Cuts and Jobs Act (TCJA) by making key provisions permanent, updating existing rules, and introducing new deductions. This legislation aims to simplify taxes and provide financial benefits for individuals, families, and businesses.
At Davis Capital Management, we help individuals and families create personalized, tax-smart retirement plans that align with their goals and values. Here’s how the OBBBA affects your taxes:
The TCJA tax rates (10%–37%) stay in place, along with the increased standard deductions:
Permanent rates mean more room to plan with purpose.
Child Tax Credit: Now permanently $2,200 per child.
Mortgage interest deduction: Still capped at $750K and includes mortgage insurance starting in 2026.
Optimize your filing status and mortgage strategy now to maximize family-focused tax benefits.
Estate tax exemption set at $15M ($30M for couples).
AMT exemptions increased permanently, easing tax complexity.
Now’s the time to review your estate plan and ensure your assets pass tax-efficiently.
Section 199A (QBI deduction): Extended with higher thresholds.
Bonus depreciation returns to 100% for certain purchases.
Section 179 limit raised to $2.5M.
Take advantage of extended deductions to reinvest, grow, and reduce your business’s tax burden.
The OBBBA adds several targeted tax breaks:
Social Security and Medicare: A Race Against Time Each year, the Trustees of the Social Security and Medicare trust funds provide detailed reports to Congress that track the progra
One Big Beautiful Bill Act (OBBBA): A Comprehensive Tax Reform Big tax changes are coming—but with the right planning, they could work in your favor. OBBBA builds on the 2017 Tax
Why Timing the Stock Market is Ineffective and Dangerous The allure of timing the stock market—buying low and selling high to maximize returns—tempts many investors. The idea s
