Roughly 700,000 retirees in Louisiana are expected to gain from a new federal deduction that exempts most Social Security income from taxation starting in 2026. The One Big Beautiful Bill

Just before breaking for the July Fourth recess, Congress passed a massive new tax law with the kind of name only Washington could come up with: “The One Big Beautiful Bill.”

The Big Beautiful Bill isn’t a flash in the pan. For affluent families, it creates a unique but fleeting window for strategic optimization.