Trump signs the “Big Beautiful Bill” into law—here’s how it impacts your tax planning, deductions, and strategies going forward
New 2025 tax law = new opportunities. In this week’s Main Street Business Podcast, Mark J. Kohler and Matt Sorensen break down everything business owners need to know—from bonus depreciation and QBI to opportunity zones and S-Corp tax loopholes.
Ready to dive deeper into the bill and get strategic for 2025? Watch the full podcast episode with Mark and Matt for tips your CPA might be missing:
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The Big, Beautiful Bill: 2025 Tax Changes That Matter to You
The wait is over—Congress has finalized the sweeping 2025 tax reform bill, and it’s time for Main Street business owners to pay attention. In this week’s episode of the Main Street Business Podcast, Mark J. Kohler and Matt Sorensen break down what’s in the bill, what it means for your business, and how to take advantage of the updates before year-end. Here are the biggest wins and strategies you need to know:
1. 100% Bonus Depreciation Is Back (and Permanent!)
This is a game-changer for business owners investing in equipment, vehicles, or real estate. You can now fully write off qualifying purchases in the year of acquisition. Mark and Matt also explain how to leverage this for:
- Short-term rentals (with <100 hours of personal work)
- Self-rentals (buying property your business leases)
- Year-end vehicle purchases with smart timing
Bonus tip: You can use bonus depreciation to push your business into a loss and offset other income—something Section 179 alone won’t allow.
2. QBI Deduction Made Permanent
The Qualified Business Income (QBI) deduction—also known as Section 199A—is here to stay. This allows pass-through entities (LLCs, S Corps, sole props) to deduct up to 20% of their business income. But be warned: your salary level affects the deduction. Mark and Matt explain how to balance salary, 401(k) contributions, and business structure for maximum QBI benefit.
3. Opportunity Zones Are Back with a Bang
Forget just deferring taxes—Opportunity Zones now allow for significant long-term capital gains savings. Whether you’re selling stocks, crypto, or real estate, reinvesting in an OZ project could mean you never pay tax on the appreciation.
Even better? You don’t need to invest in someone else’s fund. You can build your own qualifying OZ project, with the right structure and improvements.
4. SALT Cap Raised to $40K (and the S-Corp Workaround Stays)
The new SALT (state and local tax) deduction cap is now $40,000 for those earning under $500K AGI. But if you’re an S-Corp or partnership owner in one of 36 states, you can bypass the cap entirely using the “pass-through entity tax workaround.” This lets your business pay the state tax and take the deduction federally.
5. Other Highlights for Individuals
- Income tax rates stay reduced and are now permanent.
- Capital gains tax rates remain unchanged.
- Estate tax exemption made permanent at $15M per person / $30M per couple.
- Child tax credit raised to $2,200 per child and made permanent.
- Temporary relief from taxes on tips, Social Security, and overtime pay for certain income levels (but only for four years).
Need help applying these strategies to your business?
👉 Book a consultation with a tax lawyer at kkoslawyers.com
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