1. EachPod
EachPod

218 \\ Could This New Bill End Double Taxation? Business Tax Breaks for High-Income States

Author
Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
Published
Fri 02 May 2025
Episode Link
https://smallbusinessfinance.podbean.com/e/218-this-fintech-is-quietly-revolutionizing-small-business-spending-%e2%80%94-here-s-how-with-andrew-jamison/

A new tax bill could change everything for business owners in high-income states. In this episode, we explore how lifting the SALT cap could give small business owners in places like New York, California, and Illinois major tax savings.


You’ll learn what double taxation really means, how the current SALT cap limits your deductions, and what tax strategies could be possible if this law passes. We break it down with CPA advice, clear examples, and tips for planning smarter. If you’ve been frustrated with your federal tax bill, this episode will help you see what’s changing—and how to benefit from it.


 


Next Steps:


✅ Learn More about Extend


💰 Start Paying Less in Taxes – Grab a Copy of Your Biggest Expense!


☎️ Find Out How Much You’re Overpaying the IRS – Book a Free Discovery Call


📧 Questions? Email Me at [email protected]


👩‍💼 Join My Private Facebook Group: Tax & Wealth Strategies for Women Entrepreneurs 📲

Share to: