{"id":27242,"date":"2025-07-04T07:23:01","date_gmt":"2025-07-04T07:23:01","guid":{"rendered":"https:\/\/wcginc.com\/?p=27242"},"modified":"2026-01-26T16:47:39","modified_gmt":"2026-01-26T16:47:39","slug":"one-big-beautiful-bill-obbb","status":"publish","type":"post","link":"https:\/\/wcginc.com\/blog\/one-big-beautiful-bill-obbb\/","title":{"rendered":"One Big Beautiful Bill (OBBB)"},"content":{"rendered":"

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<\/span>Overview of the One Big Beautiful Bill (OBBB)<\/span><\/h2>\n

Before we dive into the nitty gritty of this new bill, here are some of the key highlights specific to our clients.<\/p>\n

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  • Corporate Tax Rate remains at 21%, unchanged from TCJA.<\/li>\n
  • 100% Bonus Depreciation returns for assets placed in service 2025\u20132030. Huge win for real estate investors and short-term rentals.<\/li>\n
  • Section 199A (QBID) stays at 20% and is now permanent with some phase-out improvements.<\/li>\n
  • SALT Deduction Limit increased to $40,000 (up from $10,000) but phases out above $500,000 AGI; sunsets in 2029.<\/li>\n
  • No Federal Income Tax on Tips and Overtime up to $25,000 (phases out at $190,000 AGI); FICA taxes still apply. Ends in 2029.<\/li>\n
  • EV Credits Eliminated after September 30, 2025, but replaced with:\n
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    • Auto Loan Interest Deduction up to $10,000 for new U.S.-assembled vehicles (income limits apply).<\/li>\n<\/ul>\n<\/li>\n
    • Solar & Energy Credits being phased out by December 31, 2025.<\/li>\n
    • Short-Term Rental Loophole and Cost Segregation strategies are back in full force, boosting real estate tax planning.<\/li>\n
    • Expect delays in IRS forms and guidance as Treasury and IRS work through implementation.<\/li>\n
    • State tax conformity may vary \u2014 many states do not follow federal rules on bonus depreciation.<\/li>\n<\/ul>\n<\/div>\n

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