Richey May Inside the One Big Beautiful Bill Act Series
Inside the One Big Beautiful Bill Act
Understanding tax legislation is never just an academic exercise, especially when it directly affects how businesses plan, structure, and prepare for upcoming tax years. Richey May’s Mortgage Banking Tax experts developed the Inside the One Big Beautiful Bill Act video series to break down the most consequential provisions of this sweeping legislation and what they mean for lenders and other industry-affiliated businesses as they analyze how these changes impacted the 2025 tax year and beyond.
Hosted by Kenny Burch, mortgage banking tax expert, each episode features a focused discussion with a member of Richey May’s Mortgage Banking Tax team, delivering practical insight into how the Act’s changes may impact real-world tax strategy and compliance.
Explore the Series
Check out all the episodes below to hear Richey May’s Mortgage Banking Tax professionals walk through key elements of the One Big Beautiful Bill Act—from deductions and limitations to elections and planning considerations—one topic at a time.
If you have questions about how the Act may affect your organization, or would like to discuss your tax strategy in more detail, the Richey May Mortgage Banking Tax team is here to help.
Episode 1: Qualified Business Income Deduction (§199A)
Learn how the One Big Beautiful Bill Act makes the QBI deduction permanent and expands eligibility.
Episode 2: Passthrough Entity Tax Deductions (PTET) & SALT Cap
Explore how changes to the SALT cap interact with PTET elections under the new law.
Episode 3: Charitable Deductions (C Corporations)
Understand how new limitations affect charitable contribution deductions for C corporations.
Episode 4: Business Interest Limitation (§163(j)
Learn how the One Big Beautiful Bill Act updates the calculation of the business interest limitation and why it matters, even for lenders that may not regularly hit the cap.
Episode 5: Fixed Asset Expensing (§168(k) & §179)
Explore how expanded expensing and restored bonus depreciation change the economics of capital investments and asset purchasing decisions.
Episode 6: Information Reporting Thresholds
Understand how higher reporting thresholds affect 1099 obligations, cumulative payment tracking, and compliance processes beginning in 2026.
Episode 7: Individual Income Tax Rates
Explore how the Act makes lower individual tax rates permanent and what that stability means for taxpayers planning ahead.
Episode 8: Excess Business Loss Limitations (§461(l))
Understand how loss limitations can affect individual passthrough owners, and why loss years may still create unexpected tax exposure.
Episode 9: Estate and Gift Tax Exemption
Learn how the OBBBA brings long-term clarity to estate and gift tax exemptions, supporting more intentional wealth transfer and succession planning.
Episode 10: Itemized Deductions – Mortgage Interest Deduction
Learn how the Act permanently sets the acquisition debt limit and what that means for deductibility of mortgage interest and insurance premiums.
Episode 11: Itemized Deductions – Charitable Deductions (Individual)
Explore how new AGI floors, permanent ceilings, and standard deduction allowances reshape charitable giving strategy.
Episode 12: Itemized Deductions – Miscellaneous Itemized Deductions and Schedule A Limitations
Understand which miscellaneous deductions remain suspended