016 - What the One Big Beautiful Bill Could Mean for Doctors

Author: Travis Slade
Published: Fri 30 May 2025
Episode Link: None

We’re talking tax law today, friends. Which means we’ve officially hit rock bottom… or found our calling. One of the two.

At the end of May 2025, the House passed what they lovingly call the “One Big Beautiful Bill Act.” (Yes, that’s the real name.) It’s not law yet — the Senate still has to weigh in — but this bill gives us a peek at what Congress is cooking up. And for doctors? There’s a lot to digest.

In this episode, we break down the good, the bad, and the hairy parts of the bill — especially what could matter for dentists, physicians, and anyone living that W-2 or S-Corp life.

The “Good” Stuff:
- QBI goes from 20% to 23% — and gets made permanent
- Lower tax brackets & higher standard deductions
- Bonus depreciation returns to 100%
- AMT threshold raised (bye-bye, surcharge surprise)
The “Bad” News:
- SALT deduction still capped and kind of meh if you’re over $400k
- Mortgage interest deduction stays limited to $750k
- Itemized deductions for W-2 expenses? Still gone.
The “Hairy” Details:
- Pass-through entity tax workaround (PTET) almost got the axe — and could still be on the chopping block
- A casual $4 trillion bump to the national deficit
- What might change when the Senate gets involved

Got questions or fired-up feedback? Email me at info@gouluru. I’d love to hear what you're seeing and thinking.

When the Senate finishes its homework, we’ll be back with another update. Until then, don’t forget: boring bills can save you big money.

CONTINUE THE CONVERSATION

EachPod

EachPod

016 - What the One Big Beautiful Bill Could Mean for Doctors