OBBBA in 2026: A Comprehensive Guide to the Provisions Taking Effect This Year

The One Big Beautiful Bill Act (OBBBA) did not stop changing the tax landscape with the provisions that affected 2025 returns. A substantial second wave of changes took effect in 2026, and many require planning now rather than waiting until filing season. In our latest comprehensive guide, I break down some of the most important 2026 developments, including: 💰 The higher SALT deduction cap and new limitations on itemized deductions ❤️ Major changes to charitable contribution deductions for individuals and corporations 🏡 The increased $15 million estate and gift tax exemption 👶 Expanded dependent-care benefits and new Trump Accounts 📊 Permanent 20% QBI deduction with expanded phase-in ranges 🏢 Permanent 100% bonus depreciation and higher Section 179 limits 🔬 Restored immediate expensing for qualifying domestic R&D expenditures 🧾 Higher 1099-MISC and 1099-NEC reporting thresholds 💵 New employer reporting requirements for qualified tips and overtime 🌎 Significant changes to the international tax rules, including NCTI and FDDEI 🏥 Changes affecting health coverage, employee benefits, and professional-student borrowing There is a lot packed into the legislation, and the interaction among these provisions can matter as much as any single change. For individuals and business owners, 2026 tax planning should already be underway. Read the full guide: The One Big Beautiful Bill Act in 2026: A Comprehensive Guide to the Provisions Taking Effect This Year https://marschalltax.com/2026/08/24/t... #TaxPlanning #TaxPolicy #OBBBA #CPA #SmallBusiness #TaxStrategy #2026Taxes