How does the OBBB affect you? - Page 3

Caliber

Joined: Jul 7, 2005

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In reply to YouBet • 10:10a, 7/10/25

AG

YouBet said:
At the point where congress people openly admit they don't read bills but yet they are voting on **** anyway. And no one seems to care.

If there isn't a better reason to disallow big Omni bills then I don't know what is.

Everything passed should be a single issue bill.

Well... you're going to have to pass it to find out what's in it. Nothing new.

topher06

Joined: Nov 22, 2013

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12:34p, 7/11/25

The 0.5% AGI floor on charitable deductions is an interesting way to tax church/school donations, and is really going to highlight just how little the average American gives.

Ag CPA

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1:16p, 7/11/25

AG

Just realized that SALT phases out between $500-600K MAGI back down to $10K; just passing along since everyone's a millionaire on TexAgs.

Big Baccala

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In reply to Francis Macomber • 3:55p, 7/13/25

AG

Same as a loss on the sale of stocks offsetting gains.

jamey

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In reply to Ag CPA • 5:01p, 7/13/25

AG

Ag CPA said:
Just realized that SALT phases out between $500-600K MAGI back down to $10K; just passing along since everyone's a millionaire on TexAgs.

Doesn't that mean it rewards people who bought far more house than they can afford, in cases of property tax states

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