{"id":83010,"date":"2025-12-05T18:46:07","date_gmt":"2025-12-05T18:46:07","guid":{"rendered":"https:\/\/wcginc.com\/?p=83010"},"modified":"2026-01-26T16:46:55","modified_gmt":"2026-01-26T16:46:55","slug":"one-big-beautiful-bill-act-secure-act-2-0","status":"publish","type":"post","link":"https:\/\/wcginc.com\/blog\/one-big-beautiful-bill-act-secure-act-2-0\/","title":{"rendered":"One Big Beautiful Bill Act + SECURE Act 2.0"},"content":{"rendered":"

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<\/span>Overview of OBBBA and SECURE Act 2.0<\/span><\/h2>\n
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  • 100% bonus depreciation is back and it\u2019s loud.<\/strong> From January 19, 2025 through 2030, full bonus depreciation supercharges tax deductions for rentals, STRs, and business assets. Cost seg is \u201cback in season,\u201d and timing purchases around 2025+ can swing your tax bill by tens of thousands if you can actually use the loss (STR loophole or REPS or net rental profits elsewhere)<\/li>\n
  • SALT relief is real for the middle, not for everyone.<\/strong> The SALT cap jumps to $40,000 for married filers ($20,000 single) starting in 2025, with a small inflation bump through 2029, then drops back to $10,000 in 2030. Middle and upper-middle incomes feel the love; around $600,000 of MAGI, you\u2019re basically still in $10,000 land.<\/li>\n
  • Workers and consumers get targeted, temporary goodies.<\/strong> Tips and overtime escape federal income tax up to combined caps starting in 2025, car loan interest becomes an above-the-line deduction on qualifying new U.S.-assembled cars, the Dependent Care FSA finally nudges up to $7,500, and babies born 2025\u20132028 get \u201cTrump Accounts\u201d with a $1,000 federal kickstart.<\/li>\n
  • Retirees and near-retirees get a wider planning runway.<\/strong> A new $6,000 senior deduction (double for married 65+ couples) softens tax on middle-income retirees from 2025\u20132028, while SECURE 2.0 pushes RMDs to 73 (eventually 75), kills RMDs on Roth plans, and adds bigger age-60\u201363 catch-ups\u2014prime years for Roth conversions and tax-diversification moves.<\/li>\n
  • Business owners sit in a uniquely good planning window.<\/strong> Between restored 100% bonus, permanent QBID, richer SALT capacity, beefed-up retirement plan credits, auto-enrollment rules, and mandatory coverage for long-term part-timers, owners have more levers than ever\u2014on tax deductions, incentives, benefits, and exit timing. The flip side: more complexity including compliance matters, and more reasons to actually run multi-year projections.<\/li>\n
  • State rules, sunsets, and timing will make or break results.<\/strong> Many states decouple from bonus depreciation, energy credits disappear after 2025, worker\/tip\/overtime breaks and the senior deduction end after 2028, and the SALT expansion ends after 2029. Entity structure, closing dates, and even payroll setups now matter a lot more than \u201cwhat\u2019s my refund this year?\u201d<\/li>\n<\/ul>\n<\/div>\n

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