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One Big Beautiful Bill: You Could Maximize Your Tax Savings with Equipment and Other Business Investments
Equipment must be purchased and placed into service after January 19, 2025
How can my business save with the OBBBA?
- 100% Bonus Depreciation
The One Big Beautiful Bill Act (OBBBA) permanently reinstates 100% bonus depreciation for certain qualified property—such as machinery, equipment, and other short-lived assets—acquired and placed in service after January 19, 2025. This means eligible businesses may be able to deduct the full cost of qualifying assets in the same year they’re placed in service, rather than depreciating them over several years.
Check with your tax professional to determine how these provisions may apply to your specific situation.
- Increased Section 179 Expensing Limits
The Act increases the Section 179 expensing limit to $2.5 million for tax years beginning after 2024. This change allows businesses to potentially deduct more of their smaller capital purchases upfront. The maximum Section 179 deduction for 2025 is $1,250,000.
Consult your tax advisor for details on eligibility and how these limits may impact your business.
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