The recently passed One Big Beautiful Bill Act (OBBB) introduces significant changes that will affect construction organizations.
Understanding these updates is critical to ensure compliance while also positioning your organization for long-term success. To help you better understand the potential impact of the OBBB, we’ve created a short video tailored specifically for construction leaders.
In this video, you’ll learn:
- What the 199A deduction is and why its permanent extension benefits contractors
- How bonus depreciation has been restored to 100% and what the increased Section 179 limit means for businesses investing in new assets
- R&D cost deduction changes and how businesses can now deduct previously amortized expenses or amend past returns for quicker refunds
- New reporting rules, including what overtime reporting on W-2s enables for employee deductions and how the raised 1099 threshold reduces paperwork for contractors
- What accounting method flexibility now exists for residential contractors and why the elimination of the 179D deduction affects future energy-efficient building projects
For more resources related to the OBBB, please visit our dedicated OBBB Resource Center.
How Can Schneider Downs Help?
We hope this overview has helped clarify how the OBBB may affect your organization. At Schneider Downs, our construction industry team brings deep expertise and practical insight to help you navigate complex legislative changes.
For additional resources, please visit our resource page, where you’ll find webinars, articles, and tools tailored to the construction sector.
If you have questions about this legislation or would like to discuss how it may impact your organization, I would be glad to connect. We believe the best solutions come from meaningful conversations, so feel free to reach out to me directly at your convenience.
