Section 179 deduction limit 2026 is now $2,560,000 (with the phase-out threshold at $4,090,000). Did your CPA notice? The One Big Beautiful Bill became law in July. That was seven months ago. So let me ask you something: has your CPA changed anything about your tax plan since then? Because one of the biggest changes […]
Happy New Year Here we go. We’re heading into 2026 with one eye on opportunity and one eye on uncertainty. If you’re mapping out your 2026 tax strategy for business owners, there’s a lot happening. Here’s the landscape as I see it—and what it means for your tax plan this year. The Tariff Squeeze Is […]
The no tax on tips deduction for 2025 was created by the One Big Beautiful Bill Act (OBBBA) and applies retroactively starting January 1, 2025. The IRS also announced that 2025 is a transition year—meaning the deduction works differently in 2025 than it will in later years. If you’re a tipped worker (or you advise […]
The One Big Beautiful Bill Act (OBBBA) increased the annual cap on the personal deduction for state and local taxes (SALT) from $10,000 to $40,000 for 2025 through 2029 (with a high-income phase-down). So it’s fair to ask: is a PTET election after OBBBA still worth it? In many cases, yes. Even with a higher […]
2025 Section 199A tax reduction strategies can meaningfully improve your qualified business income (QBI) deduction before year‑end, especially under the updated 2025 rules. With everything that changed in 2025, it’s easy to forget about the Section 199A qualified business income (QBI) deduction. Thanks to the One Big Beautiful Bill Act (OBBBA), this powerful pass-through deduction […]
If you need a replacement business car, SUV, van, or pickup and you’d love more write-offs before December 31, 2025, the 2025 OBBBA vehicle tax deductions can be a big win. Thanks to the One Big Beautiful Bill Act (OBBBA), certain vehicles can be written off almost entirely in the first year, while others get […]
Watch Stanton’s Segment OBBBA estate planning and business succession are the core themes of Stanton Geller’s session, helping owners protect growing estates and prepare heirs for long-term stewardship. Key Takeaways from Stanton’s OBBBA Estate Planning and Business Succession Session Stanton looks at OBBBA through the lens of a tax and estate attorney who has worked […]
Watch Lee’s Segment OBBBA exit planning and AI disruption are central themes in Lee Heisman’s session, offering business owners a clear view of how the new rules and technology shifts affect valuations and exit timelines. Key Takeaways from Lee’s OBBBA Exit Planning and AI Disruption Session Lee brings a dealmaker’s perspective to OBBBA, focusing on […]
Watch Charles’ Segment OBBBA insurance and liquidity planning is at the center of Charles Melvin’s session, helping business owners prepare for future estate tax and liquidity needs. Key Takeaways from Charles’ OBBBA Insurance and Liquidity Planning Session Charles steps into the OBBBA conversation with a straightforward premise: if you own a valuable business or portfolio, […]