Objective
- Alert business clients to legislative changes enacted in 2025 that would impact them in 2026 and later
- Advise business owner clients on adopting tax planning strategies that would reduce their tax liability for 2026 and later
Highlights
- Lower marginal tax rates made permanent
- New, more generous depreciation rules for bonus and Section 179
- Qualified production property and bonus depreciation
- Full expensing of domestic research and experimental expenditures
- Rev. Proc. 2025-28 and options for small taxpayers
- Taking advantage of the QBI deduction
- Taking advantage of the SALT cap and the pass-through entity tax
- Form 1099 reporting changes
- Deducting business interest and business losses
- Taking advantage of the new Section 1202 tax regime
Designed For
Accounting and finance professionals who anticipate advising business clients in 2026 regarding strategies to reduce or eliminate federal income taxationPrerequisite
A basic understanding of the tax rules relating to individual income taxAdvanced Preparation
None