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In this packed episode, Evon Mendrin, CFP® and host of The Optometry Money Podcast, breaks down the biggest tax and student loan law changes optometrists need to know from the recently passed One Big Beautiful Bill Act (OBBBA).

Evon discusses what’s changing—and what’s not—for individual and business tax rules, estate taxes, 529 plans, and the massive shift in student loan repayment plans. Whether you're a private practice owner, associate OD, or optometry student, this episode will give you the clarity to start planning wisely for the years ahead.

Highlights from this episode include:

Individual Tax Changes

Lower tax brackets and the higher standard deduction made permanent
New temporary senior tax deduction for ODs 65+
SALT deduction cap raised to $40,000 (with income phaseouts)
Brand-new $2,000 charitable deduction even if you take the standard deduction
Enhanced child tax credit and dependent care FSA limits

New & Unusual Tax Deductions

Temporary deduction for personal auto loan interest (for new cars only)
Deduction for overtime pay and tips

Business Owner Wins

20% QBI deduction is now permanent—and its phaseouts widen in 2026
100% bonus depreciation is back!
PTET workaround for SALT cap still lives on

Student Loan Changes: Huge Overhaul Ahead

SAVE, PAYE, and ICR plans eliminated after 7/2026
Current Borrowers gradually transitioned by 7/2028
Forgiveness periods shift, with new rules and income considerations
Future optometrists face new federal loan caps and more restricted repayment options

529 Plans & Trump Accounts

529s can now be used for CE and licensing expenses
New "Trump Accounts" for minors open in 2026: Traditional IRA-style investment accounts with government seed money

Bottom Line:
You don’t need to make big decisions today - but now is the time to start planning. Evon covers how these changes may affect optometrists in every stage of their career - from practice owners to new grads.

Resources & Links:

Dept. of Ed Update: SAVE Interest Accrual Begins Aug 1st
Schedule a Free Intro Call with Evon
Newsletter on Tax Provisions (and don't forget to subscribe)

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

How the Final One Big Beautiful Bill Act Impacts Optometrists - Taxes, Student Loans, and More!

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