Posts tagged tariff changes
Episode 30 - SALT Caps, EV Credits, and Tax Tips: Planning for 2025
Episode 30 - SALT Caps, EV Credits, and Tax Tips: Planning for 2025

It’s that time of year – when we need to start thinking ahead to 2025!

In this special episode, Deb Meyer shares year-end tax planning strategies following the recent election. Highlights include:

  1. 2025 Tax Landscape: Potential extensions to the Tax Cuts and Jobs Act, changes to state and local tax (SALT) deduction limits, and strategic timing for estimated tax payments.

  2. Electric Vehicle Credits: Tips on maximizing the $7,500 EV credit in 2024 and considerations for foreign car purchases ahead of tariff changes.

  3. Small Business Tax Planning: Importance of year-end projections, managing estimated taxes, and finding a proactive CPA.

  4. Additional Tax-Smart Strategies

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Deb MeyerWorthyNest LLCfamily finance, beyond budgets, tax planning, financial strategies, election results, tax landscape, personal calling, political climate, state and local tax deduction, high-tax states, electric vehicles, tariff changes, relocation, tax challenges, tax-efficient strategies, college 529 plan, tax loss harvesting, qualified charitable distributions, tax efficiency, evolving regulations, tax compliance, tax tips, year-end, foreign-made cars, misconceptionsComment