Expanded SALT Deduction for Businesses: A 2025 Tax Planning Opportunity

July 30, 2025
A colorful four-panel comic strip showing a business owner and a physician meeting with a tax advisor, then celebrating tax savings from the expanded SALT deduction. Speech bubbles contain only emoticons for vagueness.

State and local taxes (SALT) have been a sticking point for high-income business owners since the Tax Cuts and Jobs Act (TCJA) capped deductions at $10,000 in 2018. That cap limited how much individuals and pass-through businesses could deduct on federal returns, leading to significantly higher tax bills in high-tax states. But 2025 brings an…

Read More