Uploaded January 2026 | Updated September 2026, 1 week ago
Big tax changes are here for the 2025 filing season and missing them could cost you money. Stay until the end to see which updates actually help your refund and which ones could catch you off guard.
In this video, CPA Noel Lorenzana breaks down the most important 2025 and 2026 US tax law changes in plain English. We cover what stayed the same after the Tax Cuts and Jobs Act, what became permanent, and what’s brand new, including 1099-K reporting rules, higher standard deductions, child tax credit increases, senior deductions, no tax on certain tips and overtime, SALT deduction increases, and new savings options for kids.
You’ll also learn how these changes affect employees, retirees, freelancers, side hustlers, and small business owners, plus key planning moves you can still make before filing. If you want to avoid surprises, reduce your tax bill, and understand how the new law actually impacts your situation, this is a must-watch before you file.
⭐ Enjoy my work? Please support me on Patreon!
patreon.com/noellorenzana
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
Hi, I'm Noel Lorenzana, a Registered CPA based in Illinois. I created this channel to help everyday people better understand money, protect their wealth, and prepare for whatever comes next through thoughtful discussions about gold and silver, wealth management, and tax strategy.
★CONNECT WITH ME ON SOCIAL MEDIA ★
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
🎥 RECOMMENDED VIDEOS 🎥
youtu.be/ZwsY5AGxJQE
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youtu.be/VQ6QodtA2Ng
Thanks for watching my video on "Big 2025–2026 Tax Law Changes Explained (No Hype, Just Facts)"
Disclaimer: The information presented in this video is for informational and educational purposes only and should not be considered accounting, tax, legal, financial, or investment advice. Watching this video does not create a client relationship. While I strive for accuracy, I cannot guarantee that all information is complete, current, or applicable to your specific situation. Always consult with a qualified professional before making financial, tax, or investment decisions.
Affiliate Disclosure: Some links in the description may be affiliate links, which means I may earn a commission if you purchase through them at no additional cost to you. I only recommend products and services that I have personally researched, use, or believe provide genuine value to my audience.
⏱️VIDEO CHAPTERS⏱️
00:00 - 2025 Tax Filing Season Overview and What’s Changing
01:12 - The Bill that Changes Your Taxes.
01:23 - Tax Cuts and Jobs Act Explained
02:06 - New Tax Law Signed: The One Big Beautiful Bill
03:07 - What Is NOT Changing in the Tax Code
03:23 - 2025 Standard Deduction Amounts Explained
03:51 - The Current Lower Tax Brackets Explained
04:43 - New Changes For 2025 and Retroactive Updates
05:03 - Child Tax Credit Increase for 2025
05:23 - New Senior Deduction for Age 65 and Older
06:00 - No Tax on Tips and Overtime Income Explained
06:50 - SALT Deduction Increase to $40,000
07:25 - New Trump Accounts Savings Option for Children Explained
08:27 - 1099-K Rules 2026 Explained By CPA
10:31 - Business Tax Changes for 2025
10:51 - Bonus Depreciation Back to 100 Percent
11:14 - R&D Expenses and Section 179 Updates
11:57 - Tax Planning You Can Still Do After Year End
13:59 - Final Thoughts: Should You DIY Your Taxes or Hire a Pro
14:50 - Download FREE Tax Deductions Cheatsheet
Replay Video Link: youtu.be/U9hz98eSfLw
#taxchanges #irsupdates #taxseason #taxfiling #taxlawchanges
Big tax changes are here for the 2025 filing season and missing them could cost you money. Stay until the end to see which updates actually help your refund and which ones could catch you off guard.
In this video, CPA Noel Lorenzana breaks down the most important 2025 and 2026 US tax law changes in plain English. We cover what stayed the same after the Tax Cuts and Jobs Act, what became permanent, and what’s brand new, including 1099-K reporting rules, higher standard deductions, child tax credit increases, senior deductions, no tax on certain tips and overtime, SALT deduction increases, and new savings options for kids.
You’ll also learn how these changes affect employees, retirees, freelancers, side hustlers, and small business owners, plus key planning moves you can still make before filing. If you want to avoid surprises, reduce your tax bill, and understand how the new law actually impacts your situation, this is a must-watch before you file.
⭐ Enjoy my work? Please support me on Patreon!
patreon.com/noellorenzana
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
Hi, I'm Noel Lorenzana, a Registered CPA based in Illinois. I created this channel to help everyday people better understand money, protect their wealth, and prepare for whatever comes next through thoughtful discussions about gold and silver, wealth management, and tax strategy.
★CONNECT WITH ME ON SOCIAL MEDIA ★
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
🎥 RECOMMENDED VIDEOS 🎥
youtu.be/ZwsY5AGxJQE
youtu.be/y2aBtNH7gu0
youtu.be/Zv2lNoYA3ys
youtu.be/VQ6QodtA2Ng
Thanks for watching my video on "Big 2025–2026 Tax Law Changes Explained (No Hype, Just Facts)"
Disclaimer: The information presented in this video is for informational and educational purposes only and should not be considered accounting, tax, legal, financial, or investment advice. Watching this video does not create a client relationship. While I strive for accuracy, I cannot guarantee that all information is complete, current, or applicable to your specific situation. Always consult with a qualified professional before making financial, tax, or investment decisions.
Affiliate Disclosure: Some links in the description may be affiliate links, which means I may earn a commission if you purchase through them at no additional cost to you. I only recommend products and services that I have personally researched, use, or believe provide genuine value to my audience.
⏱️VIDEO CHAPTERS⏱️
00:00 - 2025 Tax Filing Season Overview and What’s Changing
01:12 - The Bill that Changes Your Taxes.
01:23 - Tax Cuts and Jobs Act Explained
02:06 - New Tax Law Signed: The One Big Beautiful Bill
03:07 - What Is NOT Changing in the Tax Code
03:23 - 2025 Standard Deduction Amounts Explained
03:51 - The Current Lower Tax Brackets Explained
04:43 - New Changes For 2025 and Retroactive Updates
05:03 - Child Tax Credit Increase for 2025
05:23 - New Senior Deduction for Age 65 and Older
06:00 - No Tax on Tips and Overtime Income Explained
06:50 - SALT Deduction Increase to $40,000
07:25 - New Trump Accounts Savings Option for Children Explained
08:27 - 1099-K Rules 2026 Explained By CPA
10:31 - Business Tax Changes for 2025
10:51 - Bonus Depreciation Back to 100 Percent
11:14 - R&D Expenses and Section 179 Updates
11:57 - Tax Planning You Can Still Do After Year End
13:59 - Final Thoughts: Should You DIY Your Taxes or Hire a Pro
14:50 - Download FREE Tax Deductions Cheatsheet
Replay Video Link: youtu.be/U9hz98eSfLw
#taxchanges #irsupdates #taxseason #taxfiling #taxlawchanges
