Abstract
Executive Summary: The One Big Beautiful Bill (OBBB), signed July 4, 2025, significantly impacts dentists by extending and making permanent many 2017 tax policies. Key tax changes include permanent tax rates, an increased state and local income tax (SALT) cap, and new deductions for seniors, qualified tips, overtime wages, charitable donations, and auto loan interest. The qualified business income deduction is now permanent, and first-year bonus depreciation is restored. New "Trump Accounts" are established for children. Crucially, the OBBB introduces $50,000 annual and $200,000 lifetime caps on professional degree student loans, effective July 2026, and establishes the Repayment Assistance Plan (RAP) while eliminating the SAVE program.
Recommended Citation
Looby, John CPA and Schumann II, Theodore C. MBA, MSF, CFP, AIF
(2025)
"What the ‘One Big Beautiful Bill’ Means for Dentists,"
The Journal of the Michigan Dental Association: Vol. 107:
No.
8, Article 2.
Available at:
https://commons.ada.org/journalmichigandentalassociation/vol107/iss8/2
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