Breaking: Major Tax Savings for 2025 - Are you taking advantage?

The tax landscape has undergone its most significant transformation since 2017 with the passage of the "One Big Beautiful Bill" in July 2025. As your trusted CPA, I want to ensure you're aware of the substantial tax savings now available.

Headline Changes

100% bonus depreciation has been permanently restored—no more worrying about phase-downs. The QBI deduction has been enhanced to 23% and made permanent. The SALT cap has been raised to $40,000 for married couples. Seniors receive an additional $6,000 standard deduction. R&D expenses can again be deducted immediately.

Immediate Action Items

Equipment Purchases: If you've delayed capital investments, the restoration of 100% bonus depreciation makes 2025 an excellent time to proceed.

Entity Structure Review: The permanent QBI deduction may change the optimal structure for your business. Schedule a review.

SALT Planning: If you're in a high-tax state, the increased cap from $10,000 to $40,000 could significantly reduce your federal tax liability.

Estate Planning: With the exemption increased to $15 million per person permanently, estate plans designed for lower exemptions may need updating.

What to Discuss With Your CPA

How do these changes affect my 2025 estimated tax payments? Should I adjust my entity structure? Are there equipment purchases I should accelerate? How does the enhanced QBI deduction change my tax projections? What estate planning updates should I consider?

Don't leave money on the table. Schedule your planning session today.