Big tax law changes always bring big rumors. But before you assume Social Security is now tax-free or that you’re getting a $40K deduction just for breathing, let’s set the record straight on what this new bill didn’t actually do. In this episode, Sean breaks down the One Big Beautiful Bill and clears up some of the biggest myths still circulating. Confused by headlines or worried you missed out? This episode breaks down what’s real, what’s rumor, and how to plan smarter moving forward.

Today, you’ll hear what the new standard deduction actually means and why tax brackets aren’t “permanent” in the way Washington wants you to think. Sean also unpacks estate planning misconceptions, explains how car loan interest deductions really work, and clarifies the rules for charitable contributions. While the OBBB provides some planning runway and small wins for retirees, it’s not the sweeping overhaul many people expected. Big legislation always creates big confusion, but that’s where a financial plan makes the difference.

Here’s what we discuss in this episode:

🧾 Are Social Security taxes going away?

💵 Tax cuts aren’t for everyone

❤️ What’s changed with charitable giving

🚗 The truth about car loan deductions

1:13 – Myth #1

2:50 – Myth #2

5:02 – Myth #3

7:32 – Myth #4

9:19 – Myth #5

10:56 – Myth #6

12:05 – Final Takeaways

Looking Back From The Mountaintop