In this episode Mark is joined by tax expert Sean Mullaney, CPA live from CampFI in Colorado Springs. They dive into the recent changes brought by the new tax legislation, the One Big Beautiful Bill Act (OBBBA), signed into law on July 4th. 

Key topics include permanent tax rates, increased standard deductions, higher child tax credit, new personal exemptions for seniors, potential future tax adjustments, and expanded eligibility for HSA contributions under ACA plans. 

They also discuss strategic tax planning for early retirees and Sean’s upcoming book on tax planning co-authored with Cody Garrett, CFP®.

Episode Links:

Mark’s Money Mind YouTube Channel

FI Tax Guy blog

Sean Mullaney YouTube channel

U.S. Code § 36B - Refundable credit for coverage under a qualified health plan

Tax Planning To and Through Early Retirement

by Cody Garrett, CFP® and Sean Mullaney, CPA

Timestamps:

00:40 Live from CampFI: Special Guest Sean Mullaney

01:23 Overview of the New Tax Bill

01:55 Changes in Tax Rates and Standard Deductions

04:39 Child Tax Credit and Personal Exemptions

05:14 New Deductions for Retirees and Workers

11:56 State and Local Tax Deductions

14:23 Charitable Contributions and Estate Tax

21:13 Affordable Care Act Changes

29:46 Upcoming Book: Tax Planning To and Through Early Retirement

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This show is for education and entertainment purposes only and should not be considered investment, tax, or legal advice. Please consult the appropriate advisor or advisors before implementing anything you hear on this show or any other show for that matter.

Mark, his guests, and the Mark’s Money Mind show do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc. and their services.

Episode ID: 1000718828459

GUID: https://permalink.castos.com/podcast/58359/episode/2096238

Release Date: 24/07/2025, 10:00:00