The One Big Beautiful Bill Act (OBBBA) brings a host of impactful tax changes, and one of the most significant for businesses is the enhancement of bonus depreciation. This provision is designed to provide immediate tax relief and incentivize investment in new assets.
Get Back When You Give Back: New Universal Charitable Deduction
Taxes - Planning, Rules and Returns , Taxes - Individual , One Big Beautiful Bill , Charitable DonationsBeginning in 2026, a significant tax benefit will be available for taxpayers who make charitable donations, even if they do not itemize deductions on their tax returns.
Getting Older Still Has Its Tax Benefits
Taxes - Planning, Rules and Returns , Taxes - Individual , One Big Beautiful BillBonus Senior Deduction
Beginning with the 2025 tax year, seniors age 65 and older are eligible for a new tax break designed to provide meaningful relief at filing time.
One Big Beautiful Bill - Business Tax Provisions
Taxes - Corporate & Business , Taxes - Planning, Rules and Returns , One Big Beautiful Bill , OBBBOn July 4, President Donald Trump signed the One Big Beautiful Bill Act (“OBBB”) into law after the Senate and House passed the bill on July 1 and July 3, respectfully.
One Big Beautiful Bill - New Individual Tax Provisions
Taxes - Planning, Rules and Returns , Taxes - Individual , One Big Beautiful Bill , OBBBOn July 4, President Donald Trump signed the One Big Beautiful Bill Act (“OBBB”) into law after the Senate and House passed the bill on July 1 and July 3, respectfully.
One Big Beautiful Bill - Extended/Modified Individual Tax Provisions
Taxes - Planning, Rules and Returns , Taxes - Individual , One Big Beautiful Bill , OBBBOn July 4, President Donald Trump signed the One Big Beautiful Bill Act (“OBBB”) into law after the Senate and House passed the bill on July 1 and July 3, respectfully.
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