Tax Fact or Tax Crap – One Big Beautiful Bill Act Edition [VIDEO]

In today’s digital world, tax advice is just a scroll away. TikTok, Instagram, YouTube, and other platforms are full of self-proclaimed “tax experts” promising hacks that will save you thousands of dollars. While some tips are well-meaning, many are misleading, incomplete, or flat-out wrong… and following the wrong advice could cost you more in penalties and stress than you’d ever save.

With the recent passage of the One Big Beautiful Bill Act, tax laws have undergone significant changes; from extending certain provisions of the Tax Cuts and Jobs Act to phasing out others. While these updates are meant to clarify and simplify certain areas of the tax code, they’ve also sparked a wave of confusion. Social media is now flooded with outdated, incomplete, or misinterpreted advice as creators rush to explain the new rules without fully understanding them. Unfortunately, this has made it even harder for taxpayers to separate fact from fiction and to know which strategies still apply under the new law.

That’s why Ren Cicalese III, CPA, MST, Associate Partner at Alloy Silverstein, is stepping in to set the record straight. In our Tax Fact or Tax Crap – OBBBA Edition Video Series, Ren will review popular tax tips trending online and explain what’s fact, what’s fiction, and what you really need to know.

How the Series Works

Each week, Ren will take a real tax tip that’s circulating online and break it down for you in plain English. He’ll explain:

• Whether the tip is true, false, or partially correct

• Why it may or may not apply to your situation

• What the law actually says

• What you should do instead

Here’s this week’s video:

Get Involved – Submit a Tax Tip to Be Reviewed

Have you seen a tax hack or piece of advice that seems too good to be true? Send it our way! Leave a comment on our YouTube video or message us directly, and Ren may feature it in an upcoming video.

This is your chance to get accurate information directly from a licensed CPA who understands the tax code and how it applies in real life, not just in a 30-second clip.

Follow the Series

Don’t miss a video! Follow us on Facebook, Instagram, LinkedIn, and Twitter to see each week’s myth-busting tax tip video as soon as it drops. Whether you’re a small business owner, self-employed, or just want to stay informed, this series will help you avoid costly mistakes and make smarter financial decisions.

Stay Informed:

• Tax Reform Resource Center