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Wes Parker, EA
AW Parker, P.C.
Forum III Building
1770 Kirby Parkway, Suite 117
Germantown, TN 38138
Phone: 901-794-3528
Fax: 901-794-8354
Email: wes@wesparkeronline.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 20% 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.
AW Parker, P.C. and LTM Marketing Solutions, LLC are unrelated companies. This guide was created by LTM Marketing Solutions, LLC and was not written or created by the named financial professional and does not necessarily represent the views and opinions of Cetera Wealth Services, LLC.
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