The QBI deduction was made permanent, with wider phase-in ranges and a new minimum deduction starting in 2026. Here's how the current-year numbers work, and what year-end moves can actually affect them.

For most qualifying property acquired after January 19, 2025 and placed in service during 2026, federal bonus depreciation is 100%, subject to acquisition, eligibility, vehicle, and election rules.

The state and local tax (SALT) deduction has been one of the most debated provisions in tax law since the TCJA capped it at $10,000 in 2018. The One Big Beautiful Bill Act raised that cap to $40,400 for 2026, with income-based phase-downs for higher earners. For small business owners — especially those in states with income tax — this changes the math on itemizing, entity structure, and pass-through entity tax elections. What Changed Under the TCJA, the SALT deduction for ind