• 165 \\ State Tax Loophole Every Entrepreneur Needs to Know About!

  • Dec 16 2024
  • Length: 13 mins
  • Podcast

165 \\ State Tax Loophole Every Entrepreneur Needs to Know About!

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  • Summary

  • If you’re a business owner living in a state with high income taxes, this episode is for you! Discover a powerful tax strategy that could save you thousands of dollars. I break down how a special workaround called the Pass-Through Entity Tax (PTET) can help you get a bigger tax deduction while still benefiting from the standard deduction. This strategy is perfect for owners of S corporations or partnerships, especially in states like California, New York, and New Jersey.

    We’ll dive into how the SALT cap affects your taxes, why this tax break is so valuable, and the steps to make sure you qualify. Plus, find out why 2025 could change everything. Don’t leave money on the table—tune in to learn how to maximize your tax savings!

    Ready for expert advice? Click the link in the show notes to book a free tax assessment with my team.

    Show notes details:

    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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