The One Big Beautiful Bill Act significantly speeds up deductions for business property by bringing back 100 percent bonus depreciation, increasing the Section 179 expensing limit to $2.5 million, and establishing a brand-new 100 percent deduction for qualified improvement property—factories and other property built to manufacture new products. These deductions enable businesses to deduct, in one year, the cost of much—often all—of the equipment and other business property they purchase each year.

Overtime hours worked this year (yes, during 2025) could now come with a hidden tax break thanks to the One Big Beautiful Bill Act. Here’s what workers (and joint-filers) need to know.

The One Big Beautiful Bill Act is here. Unreimbursed employee expense deductions are gone for good. High-income itemizers face new challenges. Read this article to identify strategies that can help.

The One Big Beautiful Bill Act significantly upgrades the federal tax exclusion for tax-favored qualified small business stock by shortening the stock holding period, increasing the tax exclusion for shareholders, and allowing larger corporations to issue such stock.

The One Big Beautiful Bill Act greatly expands the types of expenses that can be paid with Section 529 savings plans—tax-advantaged savings accounts that are used for education expenses. Section 529 plans can now be used to pay for almost any type of recognized post-secondary credential as well as continuing professional education. Section 529 accounts can also be used to pay for many expenses for children in kindergarten through grade 12 in addition to tuition.

The One Big Beautiful Bill Act imposes draconian new restrictions on the ability of professional and casual gamblers to deduct their losses. Starting with the 2026 tax year, all gamblers will be limited to deducting only 90 percent of their losses from their gambling income. This could require gamblers to pay tax on fictional income.

Stay ahead of OBBBA compliance with Bradford’s 2025 Tax Resource Guide, updated with the latest tax rates, limits, and deductions. Download your OBBBA-updated 2025 desktop reference today.

Want a smart way to build wealth for your children? Trump Accounts offer free federal seed money for newborns, contribution opportunities, and tax-deferred growth that could turn an account into more than $1 million. See how these accounts work—and how to make them a winning strategy for your family

Big changes are coming for the educator expense deduction. For 2025, teachers and school staff are limited to a modest $300 write-off—but in 2026, the rules expand dramatically under the OBBBA. Find out how these updates could mean larger deductions and smarter tax planning for educators.