The ADA compiled a three-page document outlining President Donald Trump’s budget reconciliation bill’s impact on dentists and dental practices through provisions relating to tax policy, student loans and state Medicaid programs.
The One Big Beautiful Bill Act, H.R. 1, passed the Senate July 1 by a 51-50 vote, passed as amended in the House of Representatives by a vote of 215-214 on July 3 and was signed by President Trump July 4. The legislation contains several measures “with a direct impact” on dentists and dental practices around the country, the ADA said, such as multiple extended, reauthorized or new deductions, and new or improved research, education and investment incentives.
Tax provisions that will impact dental practices, dental students and the dental workforce include the pass-through entity tax deduction, which was fully restored due to ADA advocacy, according to the Association. This measure guarantees tax parity for small business dental practices and protects dentists from a 1.5%-5% tax hike.
Source: How does the One Big Beautiful Bill affect dentists? / ADA News