In this engaging discussion, Nathan Sosa, Head of the national tax department at Hall CPA, uncovers the intricacies of the upcoming 2025 tax bill, aptly nicknamed the “One Big, Beautiful Bill.” He explains the potential return of 100% bonus depreciation and its qualifications. The conversation dives into SALT cap challenges, adjustments to Qualified Opportunity Zones, and enhanced Section 179 expensing for short-term rentals. Listeners are urged to align with savvy tax advisors to navigate these evolving tax landscapes effectively.
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insights INSIGHT
SALT Cap Raise Uncertain
The SALT cap raise from $10,000 to $30,000 could be derailed by political disagreement.
Some states want a $62,000 cap, but current proposals and leadership say that's unacceptable.
insights INSIGHT
Return of 100% Bonus Depreciation
100% bonus depreciation will return from 2025 through 2028 for assets placed in service after January 19, 2025.
Properties acquired before that date are not eligible for full bonus depreciation.
insights INSIGHT
Section 179 Expensing Raised
Section 179 expensing limits increase from $1 million to $2 million with phaseout raised from $2.5 million to $4 million.
This benefits short-term rentals and asset-heavy businesses substantially.
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In this week’s episode of the Tax Smart REI Podcast, Thomas Castelli and Nathan Sosa break down what real estate investors need to know about the draft of the 2025 tax bill, dubbed the “One Big, Beautiful Bill”, including what’s in it, what might change, and how to prepare for the opportunities it presents.
Key topics covered:
- The likely return of 100% bonus depreciation (and who qualifies)
- SALT cap drama: why it could derail the bill
- Changes to Qualified Opportunity Zones and what they mean for investors
- Section 179 expensing increases for short-term rentals and asset-heavy businesses
- QBI deduction bumps and simplified rules for service-based businesses
- Full expensing for industrial facilities (and how it could spark a manufacturing boom)
- “No tax on tips, overtime, or Social Security” — what made it in and what didn’t
Plus, we cover what provisions are being made permanent, what’s being rolled back, and why now is the time to align with a tax advisor who knows how to play offense with the tax code.
To become a client, request a consultation from Hall CPA, PLLC at go.therealestatecpa.com/3KSEev6
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