The OBBBA adds and expands several other tax breaks, including:

qualified sound recording productionsExpensing of Qualified Sound Recording Productions

For productions commencing in tax years ending after July 4, 2025, the special expensing rules for qualified film, television, and live theatrical productions are expanded to include aggregate qualified sound recording production costs of up to $150,000 per tax year.

fishing business meal deductionDeduction for Business Meals Provided on Fishing Vessels, Etc.

For amounts paid or incurred after 2025, an exception from the 50 percent limitation on the deduction for business meals applies for meals provided on fishing vessels and at certain fish processing facilities.

qualified opportunity zoneQualified Opportunity Zones 2.0

The OBBBA makes the tax break for qualified opportunity zones (QOZ) permanent by instituting decennial designations of QOZs and allowing for deferrals and partial exclusions of gains rolled over into qualified opportunity funds after December 31, 2026.

farmlandCapital Gains from Sale of Farmland Property

For sales or exchanges in tax years beginning after July 4, 2025, the OBBBA allows taxes on capital gains from the sale or exchange of qualified farmland property to a qualified farmer to be paid in four equal annual installments. For payments made after December 31, 2025, the threshold for reporting payments on Forms 1099-MISC and 1099-NEC by a business for services performed by independent contractors is increased from $600 to $2,000.

1099-K reporting1099-K Reporting for Third-Party Network Transactions

The never-implemented de minimis reporting requirement for third-party settlement organizations is repealed retroactive to its enactment as part of the American Rescue Plan of 2021.

childcare creditEmployer-Provided Childcare Credit

For tax years beginning after 2025, the OBBBA permanently increases the limits on the employer-provided childcare credit from $150,000 to $500,000 ($600,000 for eligible small businesses), and increases the credit percentage from 25 percent to 40 percent (50 percent eligible small businesses).

paid family leave Paid Family Leave and Medical Leave Credit

For tax years beginning after 2025, the OBBBA makes the paid family and medical leave credit permanent, lowers the minimum employee work requirement from 1 year to 6 months, and makes other changes that will make it practical for businesses in all 50 states to claim the credit.

construction contractHome/Residential Construction Contracts

For contracts entered into in tax years beginning after July 4, 2025, the OBBBA eliminates the four-dwelling-units-per-building limit on “home construction contracts,” allowing builders to use the completed contract method for a broader range of residential construction projects.