New Tax Laws That Could Save You Thousands! Here’s What You Need to Know About the One Big Beautiful Bill Act.
- Mike Bulawan
- 15 hours ago
- 4 min read
On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law—a groundbreaking tax reform designed to put more money back into the pockets of hardworking Americans and seniors.
Unlock Tax Savings with the One Big Beautiful Bill Act
The OBBBA is part of the federal government’s effort to reduce financial strain and stimulate economic growth by introducing new tax deductions and exemptions that directly benefit everyday taxpayers. From tip earners and overtime workers to car owners and seniors, this law creates unprecedented opportunities to save thousands on taxes between 2025 and 2028.
At RP Financial Services, LLC, we recognize that navigating new tax laws can be complex and confusing. That’s why we’re here to guide you step-by-step, ensuring you maximize every benefit the OBBBA offers and avoid leaving money on the table.
Want to know how these changes impact you? Keep reading—and when you’re ready, schedule your free 15-minute consultation to get personalized advice on unlocking your OBBBA tax savings.
Section 1: New Deductions You Can Claim Under OBBBA
The OBBBA introduces several powerful tax deductions that can reduce your taxable income and save you thousands between 2025 and 2028. Here’s a quick breakdown:
1. No Tax on Tips
If you work in the hospitality, food service, or beauty industry, this change is for you.
How it works:
Benefit: Deduct up to $25,000 annually on qualified tips from 2025 to 2028.
Who Qualifies: W-2 employees or self-employed workers receiving tipped income (except those under Specified Service Trade or Business).
Action with RPFS: We’ll ensure your tips are accurately reported so you can maximize this deduction.
2. No Tax on Overtime
For employees putting in extra hours, the OBBBA brings huge savings.
How it works:
Benefit: Deduct up to $12,500 per individual or $25,000 for joint filers on overtime pay earned between 2025 and 2028.
Who Qualifies: Employees earning FLSA overtime pay reported on W-2 forms.
Action with RPFS: We’ll help you document your overtime earnings properly so you don’t miss out.
3. No Tax on Car Loan Interest
Planning to buy a new car? You can now deduct personal vehicle loan interest.
How it works:
Benefit: Deduct up to $10,000 annually on personal vehicle loan interest (2025–2028).
Who Qualifies: Owners of U.S.-assembled cars financed after December 2024.
Action with RPFS: Bring us your VIN and loan details, and we’ll make sure you claim the maximum deduction.
4. Deduction for Seniors
Seniors get additional tax relief to make retirement more manageable.
How it works:
Benefit: Claim an extra $6,000 deduction ($12,000 for joint filers) from 2025 to 2028.
Who Qualifies: Individuals 65+ by the end of the tax year.
Action with RPFS: We’ll verify your eligibility and apply this benefit to reduce your taxable income.
Section 2: How These Changes Benefit You
The OBBBA doesn’t just lower your taxes—it simplifies tax planning and increases your savings potential. Here’s why these deductions matter:
Maximize Your Tax Savings
With these new deductions, you can keep thousands of dollars in your pocket each year. For example:
A tipped restaurant worker could save up to $5,000 annually.
An employee working 10 extra hours per week might save up to $4,500 annually.
A senior couple filing jointly could gain an extra $12,000 deduction.
Simplify Your Tax Filing
We handle all IRS compliance, reporting, and documentation for you — so you can relax knowing you’re fully covered.
Gain Peace of Mind
No more worrying about missing deductions or making costly mistakes. With RPFS, we make sure you claim every benefit you’re entitled to.
Section 3:Â Why Partner with RP Financial Services, LLC?
Choosing the right tax partner makes all the difference. Here’s why our clients trust us:
✅ Expertise You Can Rely On—Led by Roger Reed, our team specializes in IRS resolution, tax planning, and maximizing new deductions.
✅ Personalized Tax Strategies—We create a custom tax plan tailored to your income and deduction eligibility.
✅ Free 15-Minute Consultation—Schedule a session today to unlock your OBBBA savings.
The One Big Beautiful Bill Act (OBBBA) provides powerful new opportunities for tax savings—but only if you take advantage of them.
At RP Financial Services, LLC, we’ll help you navigate the new law, claim every deduction you qualify for, and keep more of your hard-earned money.
Act now to maximize your tax savings—book your free consultation today!
Click Here to Schedule Your Call
Navigating IRS interactions can feel overwhelming, but you don’t have to face it alone. At RP Financial Services, we guide you through every step—from understanding IRS communications to ensuring your compliance with tax laws.
Our experienced team provides personalized solutions for tax preparation, financial planning, and investment management — helping you make informed decisions with confidence and peace of mind.
With our commitment to excellence and attention to detail, we make your financial well-being our top priority. Whether you need assistance managing your taxes, planning for the future, or growing your wealth, we’re here to help you succeed.
📩 Contact us today at info@rpfs.llc or schedule your free tax consultation via our Calendly today to get a free 15-minute consultation for expert support and personalized solutions. Let us guide you toward financial clarity and success.