- Office perks deduction ends: Starting in 2026, businesses can no longer deduct on-site cafeteria, snack, or beverage expenses provided for employee convenience.
- Corporate incentives: The megabill proposes phase-in permanent full expensing, robust R&D deduction, and maintains the 20% pass-through deduction, subject to reconciliation.
- Clean-energy credit rollbacks continue, affecting renewables, EV, and solar projects; Senate slows the phase-out relative to the House plan.
These will take effect upon final passage, expected mid-2025, for tax years beginning January 1, 2026.
