Five Year-end Tax Moves Businesses Can Still Make Before 2026 Ends

The One Big Beautiful Bill Act (OBBBA), signed in July 2025, made several business tax breaks larger, permanent or newly available. With 2026 closing, five areas deserve a look before Dec. 31: depreciation, qualified production property, research costs, the qualified business income (QBI) deduction and the excess business loss limit.

1. Invest in Capital Assets, and Get Them in Service by Dec. 31, 2026
The OBBBA made 100 percent bonus depreciation permanent for eligible property acquired after Jan. 19, 2025. Property you acquire and place in service in 2026 qualifies, including new and used machinery, equipment, certain vehicles, off-the-shelf computer software and qualified improvement property (QIP). Used property qualifies if you have not used it before and did not acquire it from a related party. Real estate owners should also consider a cost segregation study since reclassified components of a building acquired after Jan. 19, 2025 may qualify, as well.

Ordering an asset by year-end is not enough. It must be placed in service, meaning delivered, installed, and ready for its intended use, by Dec. 31.

Please select this link to read the complete article from OSAP Mission Partner Clark Schaefer Hackett Business Advisors.