PRO BUSINES & INVESTORS
SALT Deductions
Increased from 10k-40k phasing out for individuals making 250k or more
Estate Exemption
Increased to 15mm per person adjusted for inflation
QSBS – Qualified Small Business Tax
- Tax shelter up from 10mm to 15mm
- Gross asset test raised to 75mm
- New partial exclusion available from 3-5years
Opportunity Zones
Enhanced and expanded opportunity zone investments
Business Owners
- Pass through entity deduction 20%
- Bonus Depreciation now 100% on business equipment and investment
PRO INDIVUDUALS & SENIORS
SALT Deductions
Increased from 10k-40k phasing out for individuals making 250k or more
Tips and Overtime
Deduction available for those earning less than 150k
Dependent Care & 529 Programs
Pretax amount has increase from $5k to $7,500 per year
Senior Deduction
65 and older can earn an additional 6k deduction
Charitable Contributions
Additional tax credit of 5k for contributions to organizations that provide K-12 scholarships
CONSIDERATIONS
TACTICAL MOVES
- Meet with your team & tax advisor – review how to take advantage of the new deductions, exclusions and expanded benefits specific to your personal situation
- Review pre-tax contributions – find small ways to take advantage of the tax code change by reducing AGI and contributing to pre-tax accounts
- Update Estate Plan – consider topping off existing trusts and/or implementing gifting strategies to maximize the increased estate tax exemption and planning opportunities
Information as of 7/15/25. This is not tax advice
See data sources below:
- https://www.mwe.com/insights/key-obbba-implications-for-family-offices-and-high-net-worth-investors/?utm_campaign=OBBBA_FO_HNW&utm_source=LinkedIn&utm_medium=Website&utm_content=post
- https://www.cooley.com/news/insight/2025/2025-07-11-the-one-big-beautiful-bill-act-expands-qsbs-benefits
- https://www.irs.gov/newsroom/one-big-beautiful-bill-act-tax-deductions-for-working-americans-and-seniors
Disclosure:
Investment Advisory Services offered through Expressive Wealth, LLC. All investing involves risk, including the potential loss of principal. Market volatility may significantly impact the value of your investments. This communication is provided for informational purposes only and should not be construed as personalized investment advice or a recommendation of any particular security, strategy, or investment product. Information has been obtained from sources believed to be reliable, though not independently verified. This report does not represent a specific investment recommendation. The opinions and analysis expressed herein are based on Expressive Wealth research and professional experience and are expressed as of the date of this report. We recommend consulting with a qualified financial adviser to develop a strategy that aligns with your financial goals and risk tolerance.