In case you missed our webinar on the One Big Beautiful Bill Act, please click here to access the recording.
Anchin’s tax professionals walked through the key provisions that could affect one’s personal and business tax strategies, including:
Permanent changes to income tax rates, QBI (20% pass-through deduction), bonus depreciation, and the estate tax exemption
Updates to the SALT cap, Section 179, and business interest deduction rules
Changes in treatment of R&D expenditures
The restructured Opportunity Zone program
There is a wealth of information surrounding this topic, and the implications of the law change can be nuanced and far-reaching. For our most recent updates on the One Big Beautiful Bill Act, please visit our One Big Beautiful Bill Resource Center.