CLA OUTLOOK
Capture New Tax Benefits
The One Big Beautiful Bill Act is reshaping tax strategy. Learn what’s changed and how to act with clarity and purpose.
The many new benefits
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Business incentive opportunities
Tax incentives like small business stock exclusions and Opportunity Zone perks drive growth, innovation, and investment. -
R&D credit and Section 174
Full expensing of R&D costs is restored, and the R&D credit remains a powerful tool for innovation-focused businesses. -
Business interest expense
Expanded deductibility for interest expense. -
SALT cap adjustments
Modifications to the state and local tax deduction cap offer relief for high-tax jurisdictions and flow-through entities. -
Energy credits
Many clean energy credits now have accelerated phaseouts, so timing is key. -
TCJA enhancements
Key TCJA provisions, like the 20% pass-through deduction and lower tax rates, are extended or expanded. -
Bonus depreciation and Section 179
Immediate expensing options are back in full force, encouraging capital investment through 100% bonus depreciation and expanded Section 179 limits. -
Estate and gift tax exemption
The amount you can give away during your lifetime without paying estate or gift taxes increases to $15 million.
Tax law changed. Are you ready?
New tax rules bring new opportunities. The sooner you start planning, the greater the savings may be.
National tax team
Industry-specialized advisors
CLA’s vast tax team has decades of experience evaluating complex tax situations and providing strategies to help businesses and individuals achieve more.
NEW TAX LAW
Let’s talk strategy
Whether you’re a business owner, nonprofit leader, or individual taxpayer, now is the time to revisit your tax strategy. CLA is ready to help you:
- Model scenarios based on the new law
- Identify retroactive planning opportunities
- Align your structure with long-term goals
- Use cost segregation to enhance depreciation savings
Request a meeting
Start your planning now to capture more savings opportunities.