IRS Notice 2026-11 confirms that 100% bonus depreciation is permanently restored under OBBBA. Learn which property qualifies, acquisition date rules, elections, and planning impacts for businesses.

Congress has created a brand new tax deduction for personal car loan interest as part of the One Big Beautiful Bill Act, signed into law on July 4, 2025. This deduction did not previously exist under federal tax law. The IRS proposed regulations known as REG 113515 25 explain how the new law passed by Congress will be administered and enforced.