Tariffs have become a frustrating reality for many consumers, driving up prices on imported goods like electronics, furniture, and even groceries. But don’t hang up your bargain-hunting boots just yet—there are ways to push back and protect your purchasing power. From smarter shopping strategies to new tax breaks in Trump’s recently signed “One Big Beautiful Bill,” consumers have several tools to stay ahead.
How to Outsmart Tariffs
Start by shifting your focus to domestically made products. U.S.-manufactured goods are often exempt from tariff-related price hikes, and many offer comparable quality. Refurbished items and secondhand marketplaces are also great alternatives, especially for electronics and appliances (scratch and dent) . Timing matters too—shop during seasonal sales or clearance events to avoid inflated prices. And don’t forget to use price tracking tools and loyalty programs to maximize savings. For more context, refer to earlier editions of Bob’s Bargains!
What’s in Trump’s “Big Beautiful Bill” for You
Signed into law on July 4, 2025, Trump’s “One Big Beautiful Bill” brings extensive changes to the tax code that could benefit many consumers. One standout provision is the expansion of the State and Local Tax (SALT) deduction: households earning under $500,000 can now deduct up to $40,000 in state and local taxes, a major jump from the previous $10,000 cap. Seniors aged 65+ get a $6,000 special deduction through 2028, and tip earners can exclude up to $25,000 in tips from taxable income.
Bonus Breaks for Everyday Americans
The bill also includes a tax deduction for interest paid on auto loans—of course if the vehicle was built in the U.S.—and a $1,000 tax credit for parents who open a “Trump account” for newborns. Charitable contributions now qualify for deductions even if you don’t itemize, and the standard deduction has been permanently increased to $15,750 for individuals and $31,500 for couples.
While some critics argue that the bill favors higher earners, many middle-income households stand to gain meaningful relief. At BEAM/BGA Wealth, we’re here to help you navigate these changes and make the most of every dollar. Whether it’s finding tariff-proof deals or understanding your new tax benefits, we’ve got your back!
