219 \\ Is the SALT Deduction Limit Ending? Big Tax Planning Changes Ahead
- Author
- Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
- Published
- Mon 05 May 2025
- Episode Link
- https://smallbusinessfinance.podbean.com/e/219-the-irs-wants-you-to-win%e2%80%94but-only-if-you-re-a-business-owner/
Big news in business tax: lawmakers are pushing to raise the SALT deduction cap from $10,000 to $25,000. If passed, this could mean massive tax savings for business owners in high-tax states. We dig into what this means for your business tax planning, and how to prepare now to take advantage of the change.
You'll hear how this affects small business tax deductions, how it could change your year-end strategy, and why it matters for owners in states like California, New York, and Texas. We get into tax reduction strategies, tax tips, and practical planning moves for 2025. If you're serious about saving money and staying ahead, don’t miss this.
Next Steps:
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