Posts Tagged ‘SALT deduction’
How Business Owners Can Take Advantage of the Expanded SALT Deduction in 2025
As a business owner, keeping more of your money is always a priority. With the tax laws in flux, the expanded SALT (State and Local Tax) deduction in 2025 presents a great opportunity to lower your taxable income and keep more funds in your pocket. By understanding how this deduction works and taking strategic actions,…
Read MoreThe Sunset of Key TCJA Provisions: What You Need to Know for Tax Planning
As we approach the end of 2024, several significant provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 are either in the process of phasing out or will sunset completely. These changes will impact both individuals and businesses, potentially increasing tax liabilities across the board. Here’s a breakdown of the provisions that are…
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