What the New Tax Law Means for Your Financial Plan

On July 4th, a new tax law—the One Big Beautiful Bill Act—was signed into law. While the name might sound lighthearted, the changes are very real and could affect your financial plan.

Here are a few key highlights:

  • Expanded deductions: Some deductions, like SALT and an enhanced senior deduction, have been broadened. A new auto loan interest deduction was also added. Each of these comes with income phaseouts, so higher earners may not see the full benefit.
  • Bracket & deduction shifts: There are adjustments in the lower tax brackets and changes to itemized deduction calculations, as well as updates to areas like AMT and the QBI deduction.
  • No sweeping sunset changes (yet): Some provisions expected to expire in 2026 remain in place—for now.

Why This Matters

While these updates may not affect everyone the same way, they do make tax planning more complex. Knowing whether you qualify for new deductions, or how your bracket might shift, can make a difference in your overall financial strategy.

The Bottom Line

Tax laws will always evolve—but your financial plan doesn’t have to get caught off guard. We’ll help you navigate these changes, identify opportunities, and make sure your plan stays on track.

Have Questions?

👉 If you’d like to see how this new law may impact your situation, schedule your PersonalPath Intro Call today.

The views expressed represent the opinions of Mendel Money Management as of the date noted and are subject to change. These views are not intended as a forecast, a guarantee of future results, investment recommendation, or an offer to buy or sell any securities. The information provided is of a general nature and should not be construed as investment advice or to provide any investment, tax, financial or legal advice or service to any person. The information contained has been compiled from sources deemed reliable, yet accuracy is not guaranteed.

Diversification and asset allocation do not ensure a profit or guarantee against loss.Additional information, including management fees and expenses, is provided on our Form ADV Part 2 available upon request or at the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov. Past performance is not a guarantee of future results.

Other Blogs

You Might Also Like

General Disclosure

This presentation is not an offer or a solicitation to buy or sell securities. The information contained in this presentation has been compiled from third party sources and is believed to be reliable; however, its accuracy is not guaranteed and should not be relied upon in any way, whatsoever. This presentation may not be construed as investment advice and does not give investment recommendations. Any opinion included in this report constitutes our judgment as of the date of this report and are subject to change without notice.
 
Additional information, including management fees and expenses, is provided on our Form ADV Part 2, available upon request or at the SEC’s Investment Advisor Public Disclosure site. As with any investment strategy, there is potential for profit as well as the possibility of loss.  We do not guarantee any minimum level of investment performance or the success of any portfolio or investment strategy. All investments involve risk (the amount of which may vary significantly) and investment recommendations will not always be profitable. Past performance is not a guarantee of future results.