Key Tax Provisions in the “One Big Beautiful Bill” and What They Could Mean for Your Business
Last updated May 27 2025. The bill has cleared the House and now faces Senate negotiations, so details may still change. 1. A larger, permanent Section 199A deduction The bill would raise the qualified business income deduction for pass‑through owners from 20 percent to 23 percent and lock it in permanently. Supporters estimate the higher rate could add 1 million Main Street jobs over […]