On July 4, 2025, the most significant tax legislation in eight years was signed into law. It restores key provisions, creates new ones, and changes the math for every business owner in America. Here's what you need to know.
Bonus depreciation was phasing down 20% per year since 2023. The new law restores it to 100% and makes it permanent. Business owners with $500K+ in depreciable property can now write off the full cost in Year 1.
$31K - $550K+ in Year 1 deductionsThe state and local tax deduction cap jumps from $10,000 to $40,000 through 2029. For business owners in high-tax states like California, New York, New Jersey, and Illinois, this is the single biggest change.
Up to $11,100 additional savingsThe 20% Qualified Business Income deduction was set to expire at the end of 2025. It's now permanent. Pass-through businesses, S-Corps, and sole proprietors keep the full 20% deduction on qualified income indefinitely.
20% deduction now permanentSince 2022, businesses were forced to amortize Research & Development (R&D) costs over 5 years instead of deducting immediately. The new law reverses that. R&D spending can be deducted in full in the year incurred, retroactive to 2022.
Immediate deduction restoredCrane Financial has navigated every major tax change since 2015.
The most significant changes include 100% bonus depreciation restored and made permanent, SALT cap quadrupled to $40K, QBI deduction made permanent, and R&D expensing restored with retroactive application to 2022. These provisions affect most business owners.
It depends on your entity type, revenue, state, and industry. Property owners benefit most from bonus depreciation. High-tax state residents benefit from SALT. Pass-through businesses benefit from permanent QBI. Our free report shows exactly which apply to you.
Yes. Under the new legislation, 100% bonus depreciation is restored and made permanent. It had been phasing down 20% per year since 2023. Business owners with depreciable property can now write off the full cost in Year 1 indefinitely.
R&D expensing has been fully restored. Since 2022, businesses were forced to amortize R&D costs over 5 years. The new law allows immediate deduction again, and it's retroactive to 2022, meaning you may be able to claim missed deductions.
Start with a free assessment. We'll review your current structure against every new provision and show you the projected savings. Many of these strategies require action before year-end to maximize the benefit.
Most CPAs are still reading the bill. The business owners who act first capture the largest savings. Get a personalized breakdown of how these provisions apply to your specific situation.
Get My 2026 Report →This page is for informational purposes only and does not constitute tax, legal, or financial advice. Consult a qualified tax professional before making decisions based on recent legislation. Individual results depend on specific circumstances.
Tell us about your business and we'll identify every savings opportunity available to you.