OBBA

OBBBA Act: Bigger Business Interest Deductions Starting in 2025

Businesses can generally deduct interest they pay or accrue, but federal tax rules limit how much can be claimed each year. Recent changes under the One Big Beautiful Bill Act (OBBBA) will allow many companies to take larger interest deductions starting in 2025. Understanding the Limitation Rules General 30% ATI Limitation Business interest expense is typically capped at 30% of […]

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QPP and the OBBBA: A Game-Changing Tax Break for Production Facilities

The One Big Beautiful Bill Act (OBBBA) introduced a powerful new tax incentive: 100% first-year depreciation for qualified production property (QPP). This deduction applies to certain nonresidential real estate and differs from traditional bonus depreciation, which applies only to assets with shorter recovery periods. Normally, commercial buildings must be depreciated over 39 years—making this new option

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Year-End Tax Planning: Deductible Business Expenses You Should Review Now

As the year comes to a close, now is the perfect time to review your business expenses and determine which costs are deductible. Accelerating deductible expenses into this year can help reduce your 2025 tax bill — and in some cases, even create permanent tax savings. It’s also essential to understand how the One Big Beautiful Bill Act (OBBBA) affects

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Maximize the New Senior Tax Deduction

A New Tax Break for Seniors: The OBBBA Senior Deduction Beginning in 2025 and lasting through 2028, individuals age 65 and older can claim a new “senior deduction” of up to $6,000 under the One Big Beautiful Bill Act (OBBBA). For married couples filing jointly, that’s up to $12,000 in additional deductions — a welcome boost for retirees on fixed

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