H.R. 1 and the Shifting Landscape for Texas CPAs

Published: Sep 2, 2025

What makes this bill especially significant is the way it reframes long-standing assumptions. The SALT deduction cap, for instance, looks different in a state without an income tax but with rapidly rising property values.

H.R. 1 and the Shifting Landscape for Texas CPAs

Major tax legislation always carries ripple effects, but H.R. 1 represents a sea change. For CPAs in Texas, its provisions touch individuals and businesses in ways that can’t be ignored — from family budgets to corporate growth strategies.

What makes this bill especially significant is the way it reframes long-standing assumptions. The SALT deduction cap, for instance, looks different in a state without an income tax but with rapidly rising property values. Families also face changes in the Child Tax Credit, which may alter planning strategies for many households.

On the business front, the opportunities are as critical as the challenges. Immediate R&E expensing may reward innovation, but it requires careful timing and planning. Expanded Section 179 and bonus depreciation broaden the scope for investment, while the permanence of the QBI deduction brings a measure of certainty for pass-through entities. These shifts collectively open the door for more taxpayers to benefit, provided their advisors understand how to navigate the details.

The through line in all of this? Clients will look to their CPAs not just for compliance, but for clarity. They want a trusted advisor who can translate statutory text into real-world impact — someone who can answer “what does this mean for me?” in terms that matter.

That’s not a skill you develop passively. It demands active engagement with the reforms, context for how they land in Texas, and practical strategies that can be applied immediately.

To help CPAs step into that role with confidence, TXCPA is offering a 2-hour CPE program — the first in a series — focused on the individual and business provisions of H.R. 1. The session is designed to strip away the noise and provide the straightforward, Texas-specific insights professionals need to advise effectively.

H.R. 1 underscores a reality every CPA knows well: nothing in tax is static. But for those prepared to adapt, change can be more than disruption — it can be an opportunity to strengthen client trust and elevate your role as an advisor.

 

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