Several provisions that used to come with a sunset no longer do, which changes how far ahead it is worth planning.
What Stopped Being Temporary
On the return itself, several things stopped being temporary. The section 199A qualified business income deduction is permanent at 20 percent, and the sunset is gone. For tax years beginning after 31 December 2025 the phase-in range widens to $75,000 single and $150,000 joint, and a new minimum deduction of $400 applies where your qualified business income from actively conducted businesses is at least $1,000. One hundred percent bonus depreciation is permanent for property acquired after 19 January 2025, and the acquisition date controls, not the date you placed it in service.
Several Of These Stopped Having An Expiry Date
Planning got easier in one way this year: several things stopped having an expiry date. Section 199A is permanent at 20 percent. One hundred percent bonus depreciation is permanent for property acquired after 19 January 2025. Domestic research and experimental costs are expensed again for tax years beginning after 31 December 2024, with an elective 60-month amortization available — though foreign research is still spread over fifteen years.
This post is general information about federal and state tax rules, not advice about your situation. Rules change. Check the date above before you rely on anything here, and talk to us about your own facts.