The One, Big, Beautiful Bill Act (OBBBA) was signed into law on July 4. The new law includes a number of favorable changes that will affect small business taxpayers, and some unfavorable changes too. Here’s a quick summary of some of the most important provisions. First-year bonus depreciation The OBBBA permanently restores the 100% first-year
excess business losses
Jul 17, 2025
Significant business tax provisions in the One, Big, Beautiful Bill Act
- By Victor Dozzi
- Business
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Sep 9, 2020
CARES Act made changes to excess business losses
- By Victor Dozzi
- Business
- 0 Comments
The Coronavirus Aid, Relief and Economic Security (CARES) Act made changes to excess business losses. This includes some changes that are retroactive and there may be opportunities for some businesses to file amended tax returns. If you hold an interest in a business, or may do so in the future, here is more information about