Unlocking Tax Savings for Healthcare Professionals
On July 4, 2025, a transformative piece of legislation was signed into law: the One Big Beautiful Bill (OBBB). For healthcare professionals, medical clinics, and other professional service providers, this bill opens the door to significant tax savings and financial planning opportunities. Here’s what you need to know and how your practice can benefit.
Key Tax Benefits for Healthcare Practices:
1. Permanent 20% QBI Deduction for Pass-Through Entities
The OBBB makes the Qualified Business Income (QBI) deduction permanent for pass-through businesses. This is a game-changer for many medical practices structured as partnerships, S corporations, or sole proprietorships.
Even better: the bill eases phase-out limits for Specified Service Trades or Businesses (SSTBs)—including healthcare—allowing more clinics to qualify for the full deduction.
2. Enhanced Business Interest Deduction
Financing equipment or expanding your clinic? The OBBB reverts to a more favorable formula for deducting business interest expenses, reducing the after-tax cost of borrowing. This makes it more affordable to invest in your practice’s growth.
3. Expanded Qualified Small Business Stock (QSBS) Benefits
For founders and investors in eligible healthcare startups, the OBBB modifies the holding period requirements for QSBS, making it easier to exclude gains from income. This could be a major incentive for innovation and investment in new healthcare ventures.
4. 100% Bonus Depreciation
Need to upgrade your imaging equipment or renovate your office? Under the OBBB, businesses can now fully expense 100% of qualifying capital investments in the year they’re made—freeing up cash flow and simplifying tax planning.
What This Means for Your Clinic
Whether you're a solo practitioner or managing a multi-location clinic, the OBBB offers real, tangible benefits. But navigating these changes requires strategic planning. That’s where GranthamPoole comes in.
Our team specializes in helping healthcare professionals like you maximize tax savings, optimize business structures, and plan for long-term financial health. From QBI analysis to depreciation strategies, we’re here to ensure you get the most from the OBBB.
Ready to Take Advantage?
Let’s talk about how the One Big Beautiful Bill can work for your practice. Contact GranthamPoole today to schedule a free consultation and start planning your tax-smart future.
