Back again with more juicy bits from the One Big Beautiful Bill (aka O Triple B), and this time we’re talking about you, the individual, the taxpayer, the doctor with a mortgage, a kid (or one on the way), and probably more SALT than you’d like.

We’re diving into the expanded (but still frustrating) $40K SALT deduction cap, made-for-babies retirement accounts (yes, those are real), child tax credits, and how the standard deduction and tax brackets are sticking around for the long haul. Oh, and student loans? Surprisingly not the worst news. Plus a curveball: car loan interest might now be deductible, but probably not for you if you’re a high-earning dentist. Sorry.

TL;DR: A lot stayed the same (which is good), some things got tweaked, and some new stuff is... confusing, but potentially useful.

Throw on your USA jersey and give this one a listen.

Questions? travis@gouluru.com is always open.

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Fire up the drill and crank up the bonus depreciation, because the One Big Beautiful Bill (a.k.a. OB3) is here, and we’re breaking it down for business owners in scrubs.

In this episode, Travis pulls out two big wins for practice owners:

1. Bonus depreciation is back at 100%, and
   
   
2. The QBI deduction lives on, now permanent.
   
   

He also highlights four smaller updates:

• R&D credit timing
  
  
• Section 179 bump (mostly irrelevant unless you’re spending millions)
  
  
• ERC update (probably safe if you already got your check), and
  
  
• 1099 reporting threshold increase (hello, $2,000 minimum!).
  
  

While some of it may feel familiar, OB3 solidifies a lot of temporary perks, so knowing your numbers heading into year-end still matters. Bonus depreciation, QBI phaseouts, and salary strategy are all in play.

Next up: what OB3 means for individual taxpayers. But for now, if you’re running a dental practice, this one’s for you.

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Summer's here, and so is travel season, but can your vacation double as a tax deduction? In this episode, we’ll unpack the IRS rules around deducting travel expenses for dental practice owners. From weekend conferences to family tag-alongs, we explore what qualifies as legitimate business travel, how to document your trip properly, and the crucial “primary purpose” test.

You’ll learn the do’s and don’ts for deducting flights, lodging, meals, and even weekends between business days. Plus, there’s a deep dive into international travel nuances and why your spouse being on payroll doesn’t automatically make their ticket deductible. If you’re blending work and leisure this summer, don’t miss this one!

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