Financial planning

Tax-free growth and consistent contributions can turn into significant college savings.

Seniors can claim an extra $6,000 deduction ($12,000 for couples) through 2028, with income limits. This temporary benefit creates valuable opportunities for tax-smart retirement planning.

Trump accounts, debuting in 2026, offer families a new way to save for children’s futures. With unique rules and tax treatment, they add flexibility to multi-generational planning.

Starting in 2026, charitable deductions face new limits. With SALT caps rising but giving rules tightening, timing and strategy are critical to maximize both tax savings and charitable impact.

OBBBA makes many tax cuts permanent while introducing new rules for SALT deductions, seniors, charitable giving, and a new retirement account—shaping strategies for households nationwide.

The One Big Beautiful Bill Act temporarily raises the SALT deduction cap, offering relief for many families—though income limits and planning strategies are key to maximizing benefits.