2025 Tax Planning Opportunities for the Construction Industry

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As we head into 2025, it’s time for construction businesses to review their upcoming tax landscape. The CICPAC Tax Thought Leadership Committee has released its updated summary of key tax changes and considerations that may affect contractors in the year ahead.

This year’s summary highlights important updates in federal tax regulations, including accounting method changes, provisions from the Tax Cuts and Jobs Act, Section 199A and the Qualified Business Income (QBI) deduction, capitalization rules for research and experimental expenses, Employee Retention Credit developments, entity structure considerations for S Corporations and C Corporations, Bonus Depreciation and Section 179 updates, and Pass-Through Entity Tax Elections.

Read the full document: 2025 Tax Planning Opportunities for the Construction Industry