Estate Tax Shakeup and New Breaks For Seniors (What You Need To Know)
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Estate Tax Shakeup and New Breaks For Seniors (What You Need To Know)
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There’s a lot happening in the world right now- but quietly moving through Congress and the Senate is a major new tax bill. If passed, it could have a significant impact on retirees, investors, and families with larger estates. In this episode of Your Money and Your Life, Don breaks down the key provisions you need to know.
Here’s some of what we discuss in this episode:
📉 Proposed tax breaks for retirees over 65
🧾 Why Social Security is still taxable under the new bill
🏥 Medicaid changes and how they may (or may not) affect long-term care
🏛️ Clearing up confusion on potential estate tax updates
💡Cash Corner: planning moves to protect what you love
Resources for this episode:
New Jersey’s Estate and Inheritance Tax Episode:
https://yourmoneyyourlife.podbean.com/e/the-2025-social-security-increase-new-jersey-triple-tax-benefit/
Get in touch with Don and learn more: https://doncashpodcast.com/