One Big Beautiful Bill Act offers practices new expansion opportunities
Physicians Practice
JULY 10, 2025
With OBBBA, the new state and local tax deduction was increased to $40,000 per year effective 2024 through 2029 with 1 percent annual increases and then reverts back to $10,000 in 2030. These pass-through entity taxes could then be deducted from the overall revenue of the business which lowered the tax burden.
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