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Big Beautiful Bill H.R.1 tax changes
“The Big Beautiful Bill” 5 Tax Opportunities for Small Business Owners in 2025
The new federal tax law (H.R. 1, “The Big Beautiful Bill”) brings major updates for small business owners: The 20% QBI deduction is now permanent, making LLC or S-Corp structures more attractive. A new $4,000 senior deduction is available for business owners 65+ with income below $75,000. The SALT deduction cap has been raised to...
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