Winners and Losers Under the One Big Beautiful Bill Act (OBBBA): What It Means for You
Every tax bill creates winners and losers, and the One Big Beautiful Bill Act (OBBBA), signed in July 2025, is no exception. Some taxpayers will see major relief and new opportunities, while others may face new challenges.
At Velin & Associates, Inc., we’ve broken down how these changes could affect YouTubers, creators, and other online professionals — and what steps you can take to make the most of them.
✅ The Winners Under OBBBA
- Non-Itemizers
If you usually take the standard deduction, OBBBA just gave you new ways to save.
New deductions include:
- Personal exemption deduction for seniors
- Qualified tips deduction
- Qualified overtime deduction
- Qualified vehicle loan interest deduction
- Cash contribution deduction for non-itemizers
💡 Example: If you are a YouTuber who also works part-time in the service industry and earns tips, the new qualified tips deduction allows you to reduce taxable income without needing to itemize.
- Educators and Coaches
OBBBA brings back deductions for unreimbursed employee expenses for teachers and expands the $300 above-the-line educator deduction.
💡 Example: If you are a YouTuber who also coaches kids’ sports and pays for equipment out of pocket, you can now deduct more of those costs — not just classroom supplies.
- Small Business Owners
The Qualified Business Income (QBI) deduction is now permanent, with higher phase-outs and a minimum deduction for active participants.
💡 Example: If you are a YouTuber who runs a channel as an LLC and reports $150,000 of net income, you may qualify for a larger QBI deduction even if your income is higher than before.
- Families with Children
Families are big winners. OBBBA introduced “Trump Accounts” for kids, permanently raised the Child Tax Credit to $2,200, and made the adoption credit refundable.
💡 Example: If you are a YouTuber with two kids, you’ll benefit from a higher Child Tax Credit. Plus, you can open tax-deferred Trump Accounts for them to build savings with pre-tax contributions.
- Startups, Asset-Heavy, and Research Businesses
Startups get expanded access to Qualified Small Business Stock (QSBS). Businesses with large equipment benefit from 100% bonus depreciation. Research companies avoid amortization requirements.
💡 Example: If you are a YouTuber who invests in production equipment (like cameras, editing rigs, or studio lighting), you may be able to expense the full cost upfront thanks to bonus depreciation.
- High Earners (Partially)
The 37% top federal rate is now permanent, avoiding a hike to 39.6%.
💡 Example: If you are a YouTuber earning $1M+ annually from ads, brand deals, and merch, keeping the 37% top rate saves you tens of thousands compared to what was scheduled for 2026.
❌ The Losers Under OBBBA
- Clean Energy Businesses
Clean energy tax credits — EVs, solar, and renewables — are being cut earlier than planned.
💡 Example: If you are a YouTuber who invested in solar panels for your home studio, you may no longer qualify for certain credits, reducing your overall savings.
- High Earners (Partially)
While the top rate stayed at 37%, high earners lose elsewhere. The SALT cap phase-out is replaced with an overall limitation on itemized deductions, hitting wealthier taxpayers hardest.
💡 Example: If you are a YouTuber who owns multiple properties in Los Angeles and New York, your mortgage interest and property tax deductions could now be restricted.
Key Takeaways for YouTubers
- Winners: YouTubers who don’t itemize, invest in equipment, have children, or run their channel as a business entity.
- Losers: YouTubers relying on clean energy credits or with very high itemized deductions.
How Velin & Associates, Inc. Can Help
At Velin & Associates, Inc., we specialize in working with YouTubers, TikTokers, Shopify store owners, Amazon sellers, doctors, dentists, and high net worth individuals. Our team of CPAs helps you:
- Navigate new deductions under OBBBA.
- Strategize around QBI, equipment purchases, and family credits.
- Avoid costly mistakes with itemized deductions and phase-outs.
Build a proactive tax plan that keeps more money in your pocket.
For more information about our tax planning services, contact us today: visit our website.
Velin & Associates, Inc
8159 Santa Monica Blvd STE 198/200 West Hollywood, CA 90046
323-902-1000
dmitriy@losangelescpa.org
Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.