On July 4, 2025, the President signed legislation, officially known as the H.R.1. – One Big Beautiful Bill Act (OBBBA), that made a number of changes to tax policy. Here are some of the provisions that might be most relevant to business owners.

1. Permanent Increases to Capital Gains Exemption from the Sale of Company Stock

If you are creating a new corporate entity, and planning to grow and sell the business in a fairly short time horizon, consider working with your legal and tax advisors to structure it in a way that will qualify for QSBS treatment from the very beginning.

1. The Qualifying Deductions Ceiling Has Risen to $2,500,000

If your business has already made deductible purchases that meet the pre-OBBBA ceiling, check with your advisors to see if additional investments in the business can qualify for the increased deduction this year.

3. 100% Bonus Depreciation for Qualifying Assets Has Been Made Permanent

In many cases, business owners use the 179 deduction and bonus depreciation in tandem. Check with your tax advisor to see whether the rules will allow existing purchases to be characterized differently in 2025.

4. New Opportunity Zones and Expanded Criteria for Qualifying Areas

Many Opportunity Zones will end after 2026. There are several new rules and regulations that will need to be developed to answer some of the questions surrounding tax treatment of both the new and old zones. If you have an investment that is ending in 2026, be sure that your tax advisors are keeping you aware of the updates as they come to fruition.

5. New Household Income Rules for QBI Deduction

Many trusts are also able to take advantage of the 199A deduction. If you have existing assets in a trust, you may be able to take additional deductions to offset the associated income or consider funding trusts with business assets to potentially create additional deductions.

Changes to tax policy could impact your income, deductions, and long-term financial planning. Don’t wait until tax season – now is the time to take a proactive approach to help optimize your financial outcomes. To learn more, reach out to Mark Palazzo, Commercial Executive Relationship Manager, at .

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