The “One Big Beautiful Bill Act” (OBBBA) extended 2017 TCJA tax breaks, significantly changed the federal tax landscape, and will have far-reaching implications for businesses and investors, preventing the expiration of the reduced individual rates from TCJA. This webinar focused on the provisions impacting pass-through and startup businesses, and how they can impact tax planning.
Topics included:
The revised business interest deduction limitations under Section 163(j)
Extension and updates to the Section 199A qualified business income deduction
Expansion of the Section 1202 qualifying small business stock deduction
Changes to energy-related tax incentives
State and local tax (SALT) deduction changes, especially for pass-through entities
Opportunity zones 2.0: What real estate developers, fund sponsors, and investors need to know
Proposals that did not make it into the final bill that would have impacted passthroughs