Nonstop headlines have surrounded President Trump’s “One Big Beautiful Bill,” signed into law on July 4, 2025. For business owners and individuals across the Central Valley, the real question is simple: What does this mean for me?
At DeMera DeMera Cameron, we’ve been following the details closely. Here’s a breakdown of the key provisions, their ripple effects in Fresno, and how you can prepare.
The Tax Changes You’ll Notice
The new bill reshapes familiar tax rules, while introducing some unexpected twists:
- 20% QBI Deduction Stays
Good news for owners of S Corporations, LLCs, and partnerships and individuals with other business income: this deduction continues, offering real savings for many small businesses in the Central Valley. - Bonus Depreciation & Section 179
Businesses can continue to deduct major purchases, such as equipment, vehicles, or technology, upfront. This is a major benefit for farms, construction companies, and manufacturers investing in growth. - New Temporary Deductions
For the first time, deductions will extend to tips, overtime pay, and even auto loan interest. Employers and employees alike may see benefits here, though some provisions are time-limited. For example, the IRS now allows deductions of up to $25,000 for tips and $12,500 for overtime pay, but these are only in effect through 2028. - Standard Deduction & Child Tax Credit Increase
Families will notice modest relief, with small boosts to standard deductions and the child tax credit.
The Ripple Effects Beyond Taxes
Not all changes will feel like wins, especially in areas already under pressure in the Central Valley:
- Energy Policy Shift
Clean energy tax credits are beginning to phase out. For local solar installers and renewable advocates who marketed clean energy tax credits, this raises concerns about adoption and affordability. - Healthcare Adjustments
Medicaid cuts are scheduled to be implemented by 2028 and could have a significant impact on rural hospitals and clinics. Nonprofits serving Fresno’s most vulnerable may feel the ripple effects long before then. - Support Program Reductions
Federal aid programs, like SNAP, are also on the chopping block. For food banks, shelters, and other community organizations, demand may rise without additional funding.
The Broader Fiscal Picture
The bill promises tax relief but comes with trade-offs:
- The Congressional Budget Office has warned that the plan could add trillions to the federal deficit over the next decade.
- Credit agencies, however, have balanced this by noting tariff revenues and economic stimulus as potential stabilizers.
What this means for Central Valley families is that long-term fiscal policy remains in flux, even if short-term tax breaks look attractive.
Practical Savings Strategies
- Small Businesses: Accelerate planned equipment purchases to take advantage of Section 179 and bonus depreciation.
- Families: Track eligibility for expanded credits, and plan for temporary deductions that may disappear after 2026.
- Nonprofits: Anticipate increased demand for services as funding shifts, and plan budgets accordingly.
Why Partnering with a CPA Matters
Federal tax bills are written in Washington, D.C., but their effects are felt here at home. Understanding how to apply new rules to your unique situation is where professional guidance makes all the difference.
At DeMera DeMera Cameron, we help Central Valley businesses and families:
- Maximize available deductions
- Stay ahead of compliance changes
- Plan proactively for long-term stability
The Bottom Line
The “One Big Beautiful Bill” introduces both opportunity and uncertainty. While deductions for businesses and families offer short-term relief, looming changes in healthcare, energy, and program funding carry long-term risks.
Don’t navigate this alone. Contact DDC to help you prepare with clarity, accuracy, and confidence.
