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Trump's "One Big Beautiful Bill" is more than just a political talking point—it's a massive win for entrepreneurs, small businesses, and startups.
Packed with permanent tax cuts and expanded deductions, this legislation is designed to fuel business growth, encourage innovation, and reward risk-taking.
Here's a breakdown of what it does for businesses and how you can take full advantage.
What Are Write-Offs?
Write-offs, or business deductions, are expenses you subtract from your income to lower your taxable earnings. The more you deduct, the less income you pay taxes on.
In short: write-offs = lower taxes = more money in your pocket.
Big Beautiful Bill: Key Tax Breaks and Write-Off Expansions
1. 100% Expensing of Equipment and Assets
Businesses can now immediately deduct 100% of the cost of equipment, software, machinery, and even business-use vehicles. This is a game-changer for capital-intensive businesses or startups investing in growth.
Example: Spend $80,000 on tech gear for your office? You can write off the entire amount in the same tax year.
2. Home Office Deductions
If you work from home, you can deduct a portion of your rent, utilities, internet, and repairs, as long as the space is used exclusively for business.
Example: If your home office makes up 10% of your home, you can write off 10% of rent and other related expenses.
3. Expanded Meal and Travel Deductions
Meals: Business meals from restaurants are now 100% deductible (previously 50%).
Travel: Flights, hotels, car rentals, and other travel expenses for business purposes remain deductible.
4. Vehicle Deduction Bonuses (Made in America Incentive)
Interest on auto loans for American-made vehicles is now deductible up to $10,000.
Standard deductions still apply for business mileage, maintenance, and leasing.
5. Startup Cost Write-Offs
You can deduct up to $5,000 in startup costs immediately (e.g., legal fees, branding, marketing, incorporation), with the remainder spread over future years.
Major Wins for Startups: Faster Paydays
The bill supercharges the Qualified Small Business Stock (QSBS) tax exemption, helping startups and investors cash out sooner and smarter.
Bigger, Faster Tax-Free Gains:
Tax-free gain cap increased from $10 million to $15 million
New tiered structure:
50% tax-free after 3 years
75% tax-free after 4 years
100% tax-free after 5 years
Previously, 100% exemption only kicked in after 5 years.
Broader Eligibility:
The gross asset limit for QSBS eligibility was raised from $50M to $75M, allowing more startups to qualify.
This opens the door for early exits, faster liquidity, and increased investor confidence.
💡 Bonus: 23% Pass-Through Business Income Deduction
If you're a sole proprietor, LLC, or S-corp, you may qualify for a 23% deduction on business income under the expanded Qualified Business Income (QBI) provision.
Final Takeaway
Trump's "Big Beautiful Bill" is stacked with real financial advantages for business owners:
Cut your taxes
Boost your deductions
Accelerate startup success
Whether you're buying gear, flying out for meetings, or running your empire from home, there's a write-off waiting for you.
Now is the time to rethink your tax strategy, track every deductible expense, and keep more of what you earn. Of course, check with your legal counsel and tax accountant to verify all information.
