New Deductions Could Get You More Money Back

About this episode

This episode discusses major tax changes and new deductions that could benefit seniors and those with specific income types.

Tax season just got a major overhaul. The One Big Beautiful Bill changed more tax rules than anything since 2017, and if you're over 65, retired, or earning tip or overtime income, you could be leaving serious money on the table. In this episode of Friends Talk Money, we sit down with Lisa Green-Lewis, TurboTax spokesperson and trusted tax expert, to break down every major change you need to know before you file. The NEW $6,000 deduction for seniors and who qualifies Tips & overtime income deductions - brand new for 2025 Auto loan interest deduction - what cars qualify Social Security & taxes - the surprise that shocks retirees RMDs, Roth conversions & how to avoid a massive tax bill IRS audits - should you be worried? Free filing options and how to get help Whether you use TurboTax, work with an accountant, or file on your own - this episode could save you thousands. Don't miss it. TurboTax Free Filing: https://www.turbotax.com AARP Free Tax Help: https://www.aarpfoundation.org/taxhelp

People in this episode

Guest: Lisa Green-Lewis

Topics covered

• tax deductions
• retirement
• tax changes
• financial advice
• IRS audits
• filing taxes

Keywords

• tax deductions
• TurboTax
• retirement
• IRS audits
• filing taxes
• overtime income
• Social Security
• RMDs
• Roth conversions

Mentioned in this episode

Organizations: TurboTax, AARP, TurboTax Free Filing, AARP Free Tax Help

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