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016 - What the One Big Beautiful Bill Could Mean for Doctors

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Manage episode 485840064 series 3642813
Content provided by Travis Slade. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Travis Slade or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

We’re talking tax law today, friends. Which means we’ve officially hit rock bottom… or found our calling. One of the two.

At the end of May 2025, the House passed what they lovingly call the “One Big Beautiful Bill Act.” (Yes, that’s the real name.) It’s not law yet — the Senate still has to weigh in — but this bill gives us a peek at what Congress is cooking up. And for doctors? There’s a lot to digest.

In this episode, we break down the good, the bad, and the hairy parts of the bill — especially what could matter for dentists, physicians, and anyone living that W-2 or S-Corp life.

  • The “Good” Stuff:
    • QBI goes from 20% to 23% — and gets made permanent
    • Lower tax brackets & higher standard deductions
    • Bonus depreciation returns to 100%
    • AMT threshold raised (bye-bye, surcharge surprise)
  • The “Bad” News:
    • SALT deduction still capped and kind of meh if you’re over $400k
    • Mortgage interest deduction stays limited to $750k
    • Itemized deductions for W-2 expenses? Still gone.
  • The “Hairy” Details:
    • Pass-through entity tax workaround (PTET) almost got the axe — and could still be on the chopping block
    • A casual $4 trillion bump to the national deficit
    • What might change when the Senate gets involved

Got questions or fired-up feedback? Email me at info@gouluru. I’d love to hear what you're seeing and thinking.

When the Senate finishes its homework, we’ll be back with another update. Until then, don’t forget: boring bills can save you big money.

CONTINUE THE CONVERSATION

Leave a comment in Spotify

Youtube: https://youtu.be/NEHO3nnm-AY
LET’S CONNECT

Instagram: https://www.instagram.com/travisslade.cpa/

TikTok: https://www.tiktok.com/@travis.slade.cpa

LET’S CONNECT

Instagram: https://www.instagram.com/travisslade.cpa/

TikTok: https://www.tiktok.com/@travis.slade.cpa

  continue reading

17 episodes

Artwork
iconShare
 
Manage episode 485840064 series 3642813
Content provided by Travis Slade. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Travis Slade or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

We’re talking tax law today, friends. Which means we’ve officially hit rock bottom… or found our calling. One of the two.

At the end of May 2025, the House passed what they lovingly call the “One Big Beautiful Bill Act.” (Yes, that’s the real name.) It’s not law yet — the Senate still has to weigh in — but this bill gives us a peek at what Congress is cooking up. And for doctors? There’s a lot to digest.

In this episode, we break down the good, the bad, and the hairy parts of the bill — especially what could matter for dentists, physicians, and anyone living that W-2 or S-Corp life.

  • The “Good” Stuff:
    • QBI goes from 20% to 23% — and gets made permanent
    • Lower tax brackets & higher standard deductions
    • Bonus depreciation returns to 100%
    • AMT threshold raised (bye-bye, surcharge surprise)
  • The “Bad” News:
    • SALT deduction still capped and kind of meh if you’re over $400k
    • Mortgage interest deduction stays limited to $750k
    • Itemized deductions for W-2 expenses? Still gone.
  • The “Hairy” Details:
    • Pass-through entity tax workaround (PTET) almost got the axe — and could still be on the chopping block
    • A casual $4 trillion bump to the national deficit
    • What might change when the Senate gets involved

Got questions or fired-up feedback? Email me at info@gouluru. I’d love to hear what you're seeing and thinking.

When the Senate finishes its homework, we’ll be back with another update. Until then, don’t forget: boring bills can save you big money.

CONTINUE THE CONVERSATION

Leave a comment in Spotify

Youtube: https://youtu.be/NEHO3nnm-AY
LET’S CONNECT

Instagram: https://www.instagram.com/travisslade.cpa/

TikTok: https://www.tiktok.com/@travis.slade.cpa

LET’S CONNECT

Instagram: https://www.instagram.com/travisslade.cpa/

TikTok: https://www.tiktok.com/@travis.slade.cpa

  continue reading

17 episodes

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