Learn what’s inside Trump’s new tax bill and how it could impact your taxes, benefits, and paycheck. From new deductions for seniors on Social Security, to tax-free overtime and tip income, and targeted stimulus measures, these changes could affect your financial future. In today's news update, we cover the key topics in President Trump’s new tax and spending plan for 2025, backed by Congressional Republicans, including a $4,000 senior bonus deduction, tax-free tips and overtime, expanded standard deductions, and new MAGA savings accounts for kids. Learn how the bill changes Social Security tax treatment, supports American-made car purchases, and affects families, workers, and retirees. You’ll also find out what it means for small businesses, green energy rollbacks, and university taxes. If you’re wondering how this all connects to your own taxes, savings, or benefits, this helps explain what to watch for and what it might mean for your money. *SUBSCRIBE TO OUR CHANNEL:* 🔔https://www.youtube.com/@moneyinstructor?sub_confirmation=1 *VIDEOS TO WATCH NEXT* Trump’s NEW Investigation Into Social Security Benefits Just Launched https://youtu.be/kQK4kgK76Ng Social Security Payments May 2025: Policy Changes, Benefits, Schedule Update SSA, SSDI, SSI, VA https://youtu.be/F5k0TLobPdw Bird Flu 2025 Is Spreading Fast — Here's What You Should Know https://youtu.be/IW2980kh2og Would You Take Trump’s $1000 Offer? Here’s What You Need to Know https://youtu.be/gjk3xE2bXM8 What's Being CUT in Trump's New Federal Budget Plan: How It Impacts Seniors, Students, and Families https://youtu.be/dHxnfgCidjo Trump Urges SUPREME COURT: Let DOGE Access Your Social Security Data https://youtu.be/fuhpruNor2c Trump’s Social Security Changes: Impact on Seniors After First 100 Days https://youtu.be/c4kDZ7fUQ-U Trump’s Tax Plan Update: Social Security, Tips, and Overtime Tax-Free? https://youtu.be/-N8h_sWazEI Your Medicare Plan May Have Been Rigged | Social Security Beneficiaries Targeted? https://youtu.be/4-L1q_agM9g Your Social Security Data is Safe—For Now | DOGE Access Denied https://youtu.be/0FOXOEV5tJQ Social Security Emergency Message: What the New Overpayment Rule Means for You https://youtu.be/SiEs0yMeas4 Elon Musk LEAVING Tesla? What It Means for Tesla’s Future https://youtu.be/jznYrS_AChU Social Security Announces Major Change for 2025 | Online Access Update https://youtu.be/FL1dcl1teUU Trump Signs Executive Order: Breaking Down the Impact on Trucking, Deliveries, and Prices https://youtu.be/Pp7idC8Gm2k Trump’s Bold Plan to Eliminate Income Taxes | Tariffs Replacing Taxes https://youtu.be/fTvzELjZ4SY Social Security Checks: May 2025 Payment Schedule Dates Update https://youtu.be/VtYpCligd8o Trump’s Bold Plan to Eliminate Income Taxes | Tariffs Replacing Taxes https://youtu.be/fTvzELjZ4SY What Retirees Are Doing with Their Money Amid Tariffs and the Stock Market Sell-Off https://youtu.be/2pxfcgzI15E Is Your Money Safe? Banking Rules Are Changing – Update https://youtu.be/6E3nVWXQSCg Rising Home Costs from Taxes and Insurance: What You Can Do https://youtu.be/SXxFUJR5B_s How to Get Credit Card Debt Forgiven: Payoff Strategies and Help https://youtu.be/8guwSPdjfNA *Follow us:* WEBSITE: https://www.moneyinstructor.com X TWITTER: https://twitter.com/moneyinstructor FACEBOOK: https://www.facebook.com/MoneyInstructor Money Instructor has been a leading resource in financial education for over two decades, empowering educators, financial advisors, students, parents, and individuals with essential topics in financial literacy. Our extensive coverage spans personal finance, money management, saving money, budgeting, investing, business fundamentals, taxes and taxation, Social Security, retirement planning, tax credits and refunds, economic stimulus checks and payments, as well as debt management—including credit card debt and interest rates. Additionally, we explore monetary policy, inflation, housing market trends, government legislation, political news, stock market dynamics, economic trends, improving credit scores, career development, housing and rent issues, and strategies for wealth building. By providing educational resources and tools, we help ensure you are well-informed and updated with the latest news and developments in these areas. #TrumpTaxPlan #SocialSecurity2025 #TaxFreeTips #SeniorTaxRelief #PersonalFinance #moneyinstructor Money Instructor does not provide tax, legal, investing, or financial advice. This content is for educational purposes only and not meant as professional advice. Consult your own advisors for specific guidance. While the information provided has been researched and vetted, it may not reflect the most current legal or financial developments. Viewers are encouraged to verify the currency of the information, especially before making any significant financial or legal decisions.