Summary of "NEW 100% Write-Offs Under Trump's Big Beautiful Bill"

Summary of Finance-Specific Content from “NEW 100% Write-Offs Under Trump’s Big Beautiful Bill”

Key Tax Write-Offs and Deductions Introduced in the “One Big Beautiful Bill” (Effective 2025)

Vehicle Purchases
- Businesses can write off 100% of the purchase price of vehicles used at least 50% for business if purchased after January 19, 2025.
- Primarily applies to vehicles weighing more than 6,000 lbs (e.g., SUVs like Mercedes G Wagons).
- Passenger vehicles under 6,000 lbs receive partial deductions under IRS rules.
- Write-offs include depreciation and mileage deductions.
- Relevant for real estate agents/brokers and many other businesses using vehicles for income generation.
- Caveats: Income limits apply; professional tax advice is recommended.
Real Estate and Property Improvements
- Allows 100% bonus depreciation on real estate purchases and property improvements.
- Applies to appliances, flooring, furniture, and other capital improvements.
- Example: $50,000 spent on improvements (previously depreciated over 5 years) can now be fully written off in the purchase year.
- Benefits real estate investors, landlords, and Airbnb hosts.
- Encourages spending on property upgrades before the end of 2025 to potentially reduce tax liability to zero in 2026.
Equipment and Machinery
- Businesses can write off 100% of the purchase price, including sales tax and installation, for equipment and machinery.
- Applies broadly across industries, including:
  - Contractors (tools)
  - Salons (chairs, equipment)
  - Photographers/videographers (cameras, lighting)
  - Medical professionals (technology, office upgrades)
  - Landscaping (mowers, trimmers)
  - Technology upgrades (laptops, software)
- Example: $100,000 equipment spend previously depreciated over 5 years can be fully deducted in one year.
- Encourages obtaining business credit and funding to leverage these deductions.
Research and Development Expenses
- 100% write-off now available for R&D expenses.
- Important for businesses developing new products (e.g., hair care, skin care).
- Encourages innovation with upfront tax benefits.
Production Properties
- 100% write-off on investments in production/manufacturing properties.
- Conditions:
  - Building must be primarily used for production.
  - Owned and operated by the business owner (leasing does not qualify).
  - Minimum 10-year commitment to use the property.
- Potentially enables millions in tax write-offs for manufacturers, food processors, or product creators.

Methodology / Framework to Leverage These Write-Offs

Identify eligible assets or expenses (vehicles, real estate improvements, equipment, R&D, production properties).
Confirm business use is at least 50% (vehicles) or primary use (production properties).
Purchase or invest in these assets before the end of 2025.
Work with a qualified tax professional to apply 100% bonus depreciation under the new bill.
Use business credit and funding options to finance purchases if needed.
File taxes in 2026 to potentially reduce tax liability to zero or receive refunds.

Key Numbers and Timelines

100% write-offs on qualifying purchases in 2025.
Vehicle purchase eligibility starts January 19, 2025.
Depreciation accelerated from multi-year schedules (5, 7, 15 years) to 1 year.
Examples: $50,000 in property improvements, $100,000 in equipment.
10-year minimum commitment required for production property write-offs.

Recommendations and Cautions

Consult with a tax professional to understand income limits, eligibility, and compliance.

Use business credit and funding to maximize purchasing power.

These write-offs incentivize business investment and entrepreneurship.

Be cautious about the business use percentage and ownership requirements.

The tax benefits could significantly reduce or eliminate tax liability for business owners.

This is not financial advice; verify details with your advisors.

Assets, Sectors, and Instruments Mentioned

Vehicles (heavy SUVs, passenger vehicles)
Real estate (rental properties, Airbnbs, property improvements)
Business equipment and machinery (tools, salon equipment, cameras, medical tech)
Research and development expenses (product development)
Production/manufacturing properties (factories, processing plants)
Business credit and funding services (Justin Merch Consulting)

Disclosures

Presenter is Noel Randall, a real estate entrepreneur.
Noel is not a tax professional; advice is based on consultations with CPAs.
Video sponsored by Justin Merch Consulting, experts in business credit and funding.
Viewers are encouraged to seek professional tax and financial advice.
Not financial advice.

Presenter

Noel Randall

This summary highlights the key finance and tax-related content from the video, focusing on new 100% write-offs under the “One Big Beautiful Bill” effective in 2025, with practical examples and recommendations for business owners and investors.