Season 1 Episode 12:

From Tax Cuts to New Opportunities: Key Highlights of the One Big Beautiful Bill Act

The One Big Beautiful Bill Act introduces significant and permanent changes that reshape tax planning for both individuals and businesses. In this episode, Chris Klug and Gina Lee walk through the most impactful provisions and explain where timely planning can preserve value.

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In this special episode of the Under the Basswood Tree Podcast, recorded during Basswood Counsel’s First Anniversary Event on October 28th, Chris Klug and Gina Lee break down the most significant tax changes introduced under the One Big Beautiful Bill Act—and what these updates mean for individuals, families, and businesses.

From expanded deductions and enhanced credits to major improvements in pass-through benefits, R&D expensing, Opportunity Zones, and QSBS, they translate complex reforms into clear, practical insights. Their conversation highlights where new opportunities open up and where thoughtful planning matters most.

Tune in for a strategic, forward-looking overview of tax changes shaping 2025 and the years ahead.

This episode covers:

  • The permanent increase of the estate, gift, and GST exemption

  • Expanded individual tax benefits, including a higher SALT cap, enhanced credits, and new charitable deductions

  • A permanent Qualified Business Income (QBI) deduction with expanded phase-out thresholds

  • Restored immediate expensing of domestic R&D costs, with retroactive opportunities for eligible businesses

  • Expanded Qualified Small Business Stock (QSBS) benefits, including a higher exclusion and capitalization threshold

  • Enhanced Qualified Opportunity Zone rules that improve tax deferral, basis reductions, and long-term growth potential

Host: Gina Lee

Gina Lee is your trusted guide for U.S. tax law, corporate compliance, and estate planning, providing personalized, strategic counsel to help achieve your financial and personal goals with confidence.

Host: Chris Klug

Chris is a trusted attorney with extensive experience in taxation, corporate planning, mergers and acquisitions, and estate planning. He guides clients through complex tax matters to deliver practical solutions.

If this episode resonates with what you’re working through, contact info@basswoodcounsel.com. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.

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