SUBSCRIBE
Enter your Name and Email address to get
the tax guide delivered to your inbox.
Please include name of person that directed you to my online tax guide so I can thank them personally.
Anh Le, CPA, CGMA, EA, MBA
12400 Olive Blvd, Suite 320
Creve Coeur, MO 63141
Phone: 314-624-0350
Fax: 314-624-0351
Email: anh@anhlecpa.com
Website: www.lecpafirm.com
2026 Tax Planning Guide
OBBBA and Business Taxes
Read through the following checklist of OBBBA provisions for businesses and note any that you think may affect your 2026 business tax planning. Further details follow. OBBBA:
- Permanently increases bonus depreciation percentage to 100% for property acquired after January 19, 2025.
- Makes permanent the expensing of domestic research or experimental (i.e., R&D) expenses beginning in 2025. Taxpayers with gross receipts of $32M or less may apply this change retroactively to 2022. Foreign R&D expenses must still be amortized over 15 years.
- Makes the qualified business income (QBI) deduction permanent, increasing it to 23% and changing the phaseout of the deduction.
- Makes permanent the excess business loss limitation.
- Enhances the 1202 qualified small business stock (QSBS) exclusion with adjusted holding periods and increased dollar limit.
- Phases out and repeals various business energy credit provisions, including the clean vehicle credits.
- Permanently reinstates EBITDA calculation for interest expense limitation beginning in 2025.
- Increases the Section 179 maximum to $2,560,000 for 2026.
- Increases 1099-MISC/NEC reporting threshold to $2,000 in 2026.
- Reinstates 1099-K reporting threshold to $20,000 and 200 transactions.
CONTACT US
Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.
Anh Le, CPA and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.
The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.