OBBBA Pros: Tax Savings & Opportunities You Can Use Now

The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, is shaking up the tax landscape in ways business owners and high-net-worth families can’t afford to ignore. While some provisions come with hidden complexities, there’s no question: the law opens the door to significant tax savings and strategic planning opportunities right now.

Key Opportunities Under OBBBA:

• 100% First-Year Bonus Depreciation Is Back
  OBBBA restores 100% bonus depreciation for qualifying property placed in service between January 1, 2025, and December 31, 2026. That means businesses can immediately deduct the full cost of eligible assets like equipment, machinery, and certain property improvements instead of spreading the deduction over years.
  
• Higher Standard Deductions
  Most taxpayers will benefit from larger standard deductions, shielding more income from taxation and easing filing burdens.
  
• SALT Deduction Increase
  The State and Local Tax (SALT) deduction cap has jumped from $10,000 to $40,000, giving high-income taxpayers in states like California meaningful relief.
  
• Estate Tax Exemptions Locked In—No More Sunset
  The federal estate tax exemption is now $15 million per person ($30 million for married couples), indexed annually for inflation. Crucially, this exemption no longer faces a 2026 sunset, offering families a stable environment for lifetime gifting and legacy planning
  August Cup of Knowledge Present…

Why Act Now:

Strategic purchases, gifting, and estate planning moves made before 2026 can maximize these benefits. Business owners should revisit depreciation schedules, evaluate capital expenditures, and align estate strategies with the new exemption levels.

Call (949) 333-3702 to schedule a review today with our team to uncover how OBBBA can work for your business and family strategy before the window closes.