The One Big Beautiful Bill Act (OBBBA) marks a major shift in the tax landscape for real estate investors and developers. By restoring 100% bonus depreciation, making the 20% QBI deduction permanent, easing interest-deduction limits, and extending Opportunity Zone incentives, the legislation materially improves after-tax returns and cash-flow planning. Combined with expanded affordable-housing credits and continued support for long-standing tools like 1031 exchanges, the OBBBA creates new opportunities (and planning considerations) for investors navigating acquisitions, renovations, and long-term portfolio strategy.

A cost segregation study helps landlords accelerate depreciation, reduce taxes, and boost cash flow by reclassifying property components into shorter asset lives.