The One Big Beautiful Bill Act (OBBBA) introduces transformative changes to the Qualified Small Business Stock (QSBS) gain exclusion under Section 1202, representing one of the most significant enhancements to this provision since its original enactment.
The One Big Beautiful Bill Act (OBBBA) introduces significant modifications to the excess business loss limitation rules under Section 461(l), fundamentally altering the landscape for non-corporate taxpayers who experience business losses.
The One Big Beautiful Bill Act (OBBBA) introduces transformative changes to the treatment of domestic research and development expenses, representing one of the most significant business tax provisions in the legislation.
The One Big Beautiful Bill Act (OBBBA) introduces substantial increases to the Section 179 expensing limits, representing one of the most significant enhancements to this business tax provision in recent years.
The One Big Beautiful Bill Act (OBBBA) introduces several significant modifications to the business interest expense deduction rules under Section 163(j), fundamentally altering how businesses calculate their allowable interest deductions and coordinate with other tax provisions.
The One Big Beautiful Bill Act (OBBBA) has indeed permanently reinstated 100% bonus depreciation, representing one of the most significant business tax provisions in the legislation.
The Qualified Business Income (QBI) deduction under Section 199A has undergone significant modifications through the One Big Beautiful Bill Act (OBBBA), which was signed into law on July 4, 2025.