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138 \\ Uncapping the SALT Deduction: How Business Owners Can Save Thousands on Taxes
Manage episode 439519945 series 3399967
Contenuto fornito da Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert, Tiffany Phillips - CPA, Small Business Money Mentor, and Financial Expert. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert, Tiffany Phillips - CPA, Small Business Money Mentor, and Financial Expert o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
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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