05/31/2025
How does the "One Big Beautiful Bill Act" affect your business?
🔹 Extends the C-Corp Tax Rate reduction: From 35% to 21%.
🔹 Extends the QBI Deduction: Up to 20% deduction for qualified pass-through businesses (LLCs, S Corps, sole proprietors).
🔹 Extends the reduction of alternative minimum tax.
🔹 Extends special depreciation allowance and increases limitation for expensing certain property.
🔹 Expands access to HSA plans.
