VERIFIED15 JUL 2026
REV.PROC.2025-32
Playbook No. 462
Tax Year 2026 · Federal
Free · Ungated · BUILD-C

What The IRS Actually Allows

261 deductions. Every code section. Every receipt you’ll need. Every audit risk, rated. No email.

Entries261 Defensible157 Needs paper61 Scrutinized43
AuthorityIRC · Rev. Proc. 2025-32 · Notice 2026-10 · OBBBA VerifiedJuly 15, 2026
Why this exists

The guide you were about to download is probably wrong.

Not dishonest. Just stale — and behind an email wall where it can’t be corrected.

Published right now, on real sites
QBI is 23%
A widely-circulated figure, still live on tax and accounting content pages this year.
What the law says
QBI is 20%
23% was a House proposal. It did not survive. OBBBA kept §199A at 20% and made it permanent.

While assembling this list, three separate live pages were found publishing 2026 figures that the One Big Beautiful Bill Act had already overwritten — a dealership page still quoting 20% bonus depreciation when the real answer is 100%, permanent; a site quoting a §179 cap of $1,080,000 against a real cap of $2,560,000; and the 23% QBI figure above.

That’s the whole problem. Tax information rots, and a gated PDF rots quietly. So every entry here carries the code section it comes from and the date it was checked. When it goes stale, you’ll be able to see that it has.

The difference

The gated guide vs. this

 The gated guideThis
Cost to openYour email addressNothing
What’s promised“250+ deductions”261 deductions
What’s deliveredA teaserAll 261, listed
Code sectionsUsually omittedOn every entry
Audit riskUnmentionedRated on all 261
What survives an exam“Talk to our team”The exact records, listed
When it goes staleYou never find outDated on its face
How it endsA sales callIt ends

This isn’t aimed at any one company. It’s aimed at the pattern — and you already know whether you’ve met it.

Verified figures · Tax year 2026

The numbers everyone gets wrong

Checked against the IRS and the governing revenue procedure on July 15, 2026. If you’re reading this much later, check them again.

Item2026Authority
Section 179 expensing cap$2,560,000Rev. Proc. 2025-32
§179 phase-out begins$4,090,000§179(b)(2)
§179 fully gone at$6,650,000§179(b)(2)
Bonus depreciation100% · permanent§168(k) · OBBBA
Heavy SUV §179 cap$32,000§179(b)(5)
Business mileage rate72.5¢Notice 2026-10
— depreciation inside that rate35¢Notice 2026-10
Medical / moving mileage20.5¢Notice 2026-10
Charitable mileage14¢§170(i)
QBI deduction20% · permanent§199A · OBBBA
QBI threshold (single / MFJ)$201,750 / $403,500Rev. Proc. 2025-32
QBI phase-out ends$276,750 / $553,500§199A(e)
QBI minimum deduction$400OBBBA · new 2026
SALT cap$40,400OBBBA · reverts 2030
Standard deduction (single / MFJ)$16,100 / $32,200Rev. Proc. 2025-32
Tips deduction$25,000Sch 1-A · thru 2028
Overtime deduction (single / MFJ)$12,500 / $25,000Sch 1-A · thru 2028
1099-NEC filing threshold$2,000OBBBA · new 2026
Home office simplified$5/sq ft · $1,500 maxRev. Proc. 2013-13
Business gift cap$25§274(b) · unchanged since 1962
How to read the ratings

Three colors, honestly applied

Defensible
Well-settled. Take it with ordinary records. The law is not in question — only whether you kept the receipt.
Needs paper
Entirely legitimate, and entirely dependent on documentation. The deduction is real; without the paper trail, it evaporates.
Scrutinized
Either a hard disallowance you should stop claiming, or a real provision the IRS examines closely. Each one names what triggers attention and what documentation survives it.

Red does not mean cheating. Some red entries are the most valuable positions in the code. It means: if this appears on your return, expect the question, and have the answer already written down.

Three ways to keep more, honestly

The trifecta

Nothing above was written to sell you these. The list ends whether you click or not. But if it helped, here’s what I actually do.

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What this is, and what it isn’t This is educational reference material about federal tax law, not tax advice, and it does not create a professional relationship. It is federal only — entries marked STATE VARIES are ones where states commonly decouple from the federal treatment, and you should verify your own state before relying on them. Figures were checked against IRS sources on July 15, 2026; tax law changes, and a page cannot change with it. Your facts are your own. Before you act on anything here, confirm it against current IRS guidance or a professional who knows your situation. The strongest thing on this page is the substantiation column — that part does not go stale.
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