Tax Cut Act

[pv]

Do I write off 100% of business purchases for $2500 or under in 2025 under the Big Beautiful Bill starting tax year 2025 or 2026?

What other business tax write offs effective tax year 2025 under the Big Beautiful Bill?

[dburns1]

Yes you can still expense purchases under $2500 in 2025. The  OBBBA impacts several business write-offs. It permanently restores 100% bonus depreciation for qualified property placed in service after January 19, 2025, allowing immediate expensing. Changes also affect the Qualified Business Income (QBI) Deduction, Section 179 Expensing, and immediate expensing for domestic Research & Experimental (R&E) Costs.