OBBBA BITE-SIZE INSIGHTS:

Short videos to help you prepare clients for the 2026 tax landscape.

The One Big Beautiful Bill Act (OBBBA) brings significant tax changes that impact charitable giving, itemized deductions, tax brackets, and planning for retirees. In this Bite-Size Insights series, Joe Elsasser, CFP®, breaks down the updates advisors need to understand and the opportunities they create.

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What’s Inside the Series

1. Charitable Deduction Changes

Starting in 2026, charitable deductions shift for both itemizers and non-itemizers.
Highlights:

New 0.5% AGI limitation
New deduction for non-itemizers: $1,000 (single) / $2,000 (married)
2025 is a key year to maximize giving

2. SALT Cap & Itemized Deduction Limits

High-income taxpayers face new SALT phaseouts and deduction caps—creating sharp spikes in effective marginal rates.
Highlights:

SALT cap temporarily increases to $40,000 but phases out above $500,000 AGI
Itemized deduction benefits capped at 35%
Clear opportunities for targeted tax-efficient planning

3. Permanent Brackets & Higher Standard Deduction

OBBBA locks in existing brackets and increases the standard deduction for all filing statuses.
Highlights:

10%, 12%, 22%, 24%, 32%, 35% brackets become permanent
Standard deduction rises to $31,500 (married) / $15,750 (single)
More room for Roth conversions and strategic withdrawals in 2026

4. Temporary Additional Senior Deduction

A new $6,000 deduction for taxpayers 65+ applies from 2025–2028—subject to AGI-based phaseouts.
Highlights:

Who qualifies
How AGI affects planning
Why timing matters for retirees

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Each video delivers a quick, practical explanation to help you guide clients through the coming tax changes.