• 138 \\ Uncapping the SALT Deduction: How Business Owners Can Save Thousands on Taxes

  • Sep 12 2024
  • Length: 14 mins
  • Podcast

138 \\ Uncapping the SALT Deduction: How Business Owners Can Save Thousands on Taxes

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  • Summary

  • In this episode, we dive into one of the biggest tax changes in recent years—the Tax Cuts and Jobs Act of 2017—and what it means for your tax deductions today. With the Act set to sunset soon, there are still smart ways to maximize your tax benefits, especially if you’re a business owner dealing with the SALT deduction cap.

    We’ll break down a clever workaround that could help you save thousands by moving deductions from your personal taxes to your business taxes. Find out how states like California, New York, and New Jersey are giving business owners a big tax break with pass-through entity deductions. We’ll also cover key steps to make sure your business is set up correctly and how to look for other tax-saving opportunities.

    Don’t miss this episode filled with tips to keep more money in your pocket—no complicated tax jargon, just clear advice that works!

    Next Steps:

    ☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/

    📧 Contact Me --> hello@phillipsbusinessgroup.com

    📲 Follow me on IG @ the.tiffany.p.cpa
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