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flag New tax law OB3 overhauls US taxes, affecting Social Security, overtime pay, car loans, and 529 plans.

flag The "One Big Beautiful Bill" (OB3), a new tax law, makes significant changes to the US tax system, affecting Social Security, overtime pay, car loan interest, and 529 education savings plans. flag It introduces a temporary bonus deduction for taxpayers aged 65 and over until 2028, allows deductions for certain overtime wages and car loan interest, and expands 529 plan benefits. flag However, experts recommend consulting a tax professional to avoid potential misunderstandings.

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