Big Beautiful Tax Benefits

On July 4, 2025, Congress passed one of the most sweeping tax reform bills in recent history -- the One Big Beautiful Bill Act (OB3 Act). This legislation introduces numerous changes to the tax code, many of which directly impact individual taxpayers and real estate investors beginning January 1, 2025.

There are many key provisions that require immediate attention for tax planning, withholding adjustments, and estimated payments. While some details still await IRS clarification, now is the time to start strategizing for the coming tax year.

Ending Soon: Clean Energy & Green Credits Several popular credits are on their way out:

• Clean Vehicle Credits (§25E & §30D): Terminate for vehicles acquired after Sept. 30, 2025.

• Energy-Efficient Home Improvements (§25C): Ends for property placed in service after Dec. 31, 2025.

• Residential Clean Energy (§25D): Also ends for installations after Dec. 31, 2025.

If you’re considering clean energy upgrades or EV purchases, you’ll want to act quickly to maximize remaining incentives.

Let’s Talk Strategy

These changes are wide-ranging and, in many cases, nuanced. Some offer excellent new opportunities for tax savings if you act in time. Others may result in unexpected surprises without careful preparation.

If you want to make sure to maximize your benefit from these major changes, we encourage you to contact your tax pro, NOW.

Warmly, Janet, your Tax Wizard