Tax Policy

Staying Informed in a Rapidly Evolving Policy Landscape

Success in implementing and executing a Total Tax Approach means that organizations must constantly monitor the rapidly changing tax legislative and regulatory landscape. With significant tax changes on the horizon as Congress considers a 2025 tax bill, insights from a trusted advisor are crucial. BDO provides timely, in-depth analysis on evolving tax reform proposals to help you develop strategies to effectively adapt to current tax policy.  

A massive tax reform bill is advancing its way through Congress with sweeping implications for nearly all businesses and investors. The tax legislation includes new tax cut proposals, revenue raisers, and tax cut extensions. Key provisions would restore and expand 100% bonus depreciation, reinstate research expensing, ease the Section 163(j) limit on deducting interest, significantly cut back energy incentives, eliminate SALT cap workarounds, implement new punitive international taxes, boost the estate and gift tax exemption, enact new tax cuts on tips and overtime, and raise revenue with a number of new tax increases.    

We are committed to helping you navigate and thrive in this dynamic environment. Our team, which includes former Congressional, IRS, Treasury, and U.S. Tax Court staff, offers guidance on recent tax laws and proposed tax changes. Stay informed with our comprehensive resources.