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The recently passed One Big Beautiful Bill Act brings sweeping changes to the U.S. tax code—with major implications for both individuals and businesses across industries. From 100% bonus depreciation and R&D expensing to tip and overtime deductions, the Act delivers new opportunities, risks, and planning considerations.

Join our tax professionals for a breakdown of the legislation’s most important changes, who they impact, and how to act now.

Key Topics

• For Individuals:
  • Permanent extension of lower tax rates and the QBI deduction
  • Above-the-line deductions for tips, overtime, and car loan interest
  • Expanded deduction for state and local taxes (SALT)
  • Updates to charitable giving and estate tax rules
• For Businesses and Industries:
  • 100% bonus depreciation reinstated
  • Full expensing of domestic R&D costs
  • Industry-specific changes for healthcare, real estate, nonprofits, manufacturing, entertainment & more
  • Planning opportunities for capital investment, tax timing, and restructuring