A new tax law may change what you owe — and what you should plan for.
The Daily Upside breaks down how the One Big Beautiful Bill Act (OBBBA) may impact 2025 tax filings, including potential changes to refunds, brackets, and deductions.
Tax headlines are loud. Planning should be precise.
In a recent Daily Upside article, Scott Schwartz, Managing Partner at OnePoint BFG Wealth Partners, shares what we’re seeing in real client conversations — including why certain provisions (like SALT changes) may matter more than others, depending on your situation.
“It’s going to be different for you than it is for me. It’s going to be different for everyone depending on what your individual circumstances are.”
— Scott Schwartz, Managing Partner, OnePoint BFG Wealth Partners
Key Takeaways
- Some taxpayers may see larger refunds this year due to how withholding was handled after the law passed.
- Changes to standard deductions and SALT deduction caps may shift whether itemizing makes sense.
- New or expanded deductions (including age-based provisions) could affect retirement-income planning.
- The impact isn’t universal — the right move depends on income, location, deductions, and planning structure.
Why It Matters to High Earners and Business Owners
For many successful households, taxes aren’t a one-time filing event — they’re a multi-year strategy decision.
Coordination across income, investments, charitable giving, business planning, and estate strategy is where tax law becomes real planning.
Want to know what this means for your plan?
If you’re a high earner, business owner, or approaching a liquidity event, now is the right time to review your tax strategy in light of recent changes.
Investment advisory and financial planning services are offered through Bleakley Financial Group, LLC, an SEC-registered investment adviser, doing business as OnePoint BFG Wealth Partners (“OnePoint BFG”).
This material is for informational purposes only and is not intended to provide investment, tax, or legal advice. Any discussion of planning concepts is general in nature and does not consider the specific circumstances of any individual. Clients should consult with their tax advisor, attorney, or other professionals regarding their particular situation.
The views expressed are subject to change and are not guarantees of future results. Nothing contained herein should be construed as a recommendation or solicitation to buy or sell any security or to adopt any particular investment or planning strategy. Past performance is not indicative of future results.
OnePoint BFG often uses Artificial Intelligence (“AI”) in the generation of marketing and advertising and has established policies to ensure all AI generated material goes through human review prior to dissemination. This communication has been provided for general informational and discussion purposes only, and should not be considered as investment, legal or tax advice or as a recommendation. OnePoint BFG does not represent any third-party information used as its own. Please contact your legal counsel or tax advisor to recommend the application of this general information to any particular situation or prepare an instrument chosen to implement the design discussed herein.
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