The recently passed One Big Beautiful Bill Act brings sweeping changes to the U.S. tax code — with major implications for both individuals and businesses across industries. From 100% bonus depreciation and R&D expensing to tip and overtime deductions, the Act delivers new opportunities, risks, and planning considerations.
Join Bennett Thrasher's tax professionals for a breakdown of the legislation’s most important changes, who they impact, and how to act now. Register at btcpa.net!
During the webinar, they'll cover:
Individuals:
- Permanent extension of lower tax rates and the QBI deduction
- Above-the-line deductions for tips, overtime, and car loan interest
- Expanded deduction for state and local taxes (SALT)
- Updates to charitable giving and estate tax rules
For Businesses and Industries:
- 100% bonus depreciation reinstated
- Full expensing of domestic R&D costs
- Industry-specific changes for healthcare, real estate, nonprofits, manufacturing, entertainment & more
- Planning opportunities for capital investment, tax timing, and restructuring
