The One Big Beautiful Bill Act, passed on July 4, 2025, is a comprehensive overhaul of the U.S. tax code. It offers tax credits and deductions for seniors and high-income households, as well as benefits for business owners and real estate developers. The law makes permanent the 100% bonus depreciation provision introduced under the 2017 Tax Cuts and Jobs Act (1).

Business owners can now accelerate tax deductions by carrying estimated depreciation forward to the current tax year, thanks to the 100% bonus depreciation rule. The rule aims to spur domestic investment, improve cash flow, and reduce business taxes quickly. This change could result in significant savings for businesses (2).

The new rule allows business owners to fully depreciate assets like equipment and property in the first year, reducing taxable income and overall tax bills. Originally set to expire in 2027, the rule is now permanent, providing more incentive for capital investments and potential tax savings (3).

Business items eligible for the bonus depreciation include 15-year land improvements, office furniture, off-the-shelf computers, certain vehicles used for business, and certain production buildings. Real estate investors can also apply the bonus depreciation to new rental properties and structures added to existing properties (4).

The new write-off could save mid-sized business owners six- or seven-figures over time. Even small-scale property investors or mom-and-pop businesses may benefit. It’s crucial to understand eligibility rules, deadlines, overlapping deductions, and state and local taxes. Seek advice from an accountant or tax lawyer for guidance (5).

Read more at Yahoo Finance: Trump bill makes 100% tax write-off a forever thing that could save some US taxpayers six figures. Are you one of them?