Signed into law on July 4, 2025, the One Big Beautiful Bill Act (OBBBA) is a sweeping package of tax and spending provisions that will dramatically reshape the tax planning landscape in the coming years. Among its most impactful changes are those affecting depreciation. With the permanent return of 100% bonus depreciation, a major [...]
For businesses investing in innovation, the One Big Beautiful Bill Act (OBBBA) brings long-awaited relief in how research and experimentation (R&E) costs are treated under Section 174 of the tax code. In addition to permanently restoring immediate expensing for domestic R&E costs beginning in tax years after December 31, 2024, the legislation creates a [...]
On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBBA), a sweeping legislative package that blends tax cuts with funding for defense and immigration, while also scaling back certain social programs. For business taxpayers, the biggest news is the law’s powerful incentives for capital investment and innovation, including [...]
On May 18, 2025, the House Budget Committee voted to advance President Trump’s “One Big Beautiful Bill,” a federal budget reconciliation act with sweeping implications for tax policy, border security, defense spending and more. For businesses, commercial building owners, and real estate investors, the most notable elements of the bill lie in its proposed [...]
Deduction overlap: One of the most significant Tax Cuts and Jobs Act (TCJA) provisions included 100% bonus depreciation. For years since the passing of TCJA, taxpayers enjoyed the benefit of a 100% first-year deduction for assets placed in service during the tax year. There is a definitional overlap between bonus depreciation and other deduction rules. [...]
Since its creation under the Energy Policy Act (EPAct) of 2005, the §179D deduction has enabled countless building owners and designers to reduce their tax burdens while incentivizing the installation of energy-saving measures in buildings across the U.S. The deduction has been modified several times over the years, and was most recently expanded by [...]
When the Inflation Reduction Act (IRA) was signed into law last year, it brought several welcome changes to the §179D deduction for energy-efficient commercial buildings. For example, the new law raised the maximum deduction amount from $1.88 to $5 per square foot, lowered the threshold for qualifying energy efficiency measures, and allowed new categories [...]
For proponents of the §179D deduction for energy-efficient commercial buildings, the past two years have yielded some major victories. After being made a permanent part of the tax code in December 2020, the deduction has now been significantly expanded by the Inflation Reduction Act of 2022. Signed into law by President Biden on August [...]
From utilities to taxes to maintenance, owning a commercial building carries numerous costs. Fortunately, the federal tax code features several incentives to help offset these costs, including the §179D deduction. Created under the Energy Policy Act (EPAct) of 2005 with a goal of reducing energy consumption in buildings across the U.S., the deduction is [...]
As the COVID-19 pandemic and related shutdowns began having a detrimental impact on businesses in 2020, many made the difficult decision to lay off employees, either temporarily or permanently. However, as a way to incentivize businesses to keep employees on the payroll despite uncertain economic conditions, the federal government created a powerful mechanism for financial [...]