What are the new writeoffs from the The One Big Beautiful Bill Act?
Business Expensesgeneral taxpayerssmall businesscorporations
The One Big Beautiful Bill Act, if enacted, could introduce new tax write-offs for various expenses. However, the specifics of these deductions, including eligibility criteria and limitations, will depend on the final language of the bill. Taxpayers should review the final act or consult with a tax professional to understand the applicability of these write-offs to their situation.