Taxes aren’t just numbers on a form—they directly impact your business’s survival and growth. One of the few remaining lifelines for business owners in high-tax states—the ability to deduct state and local income or sales taxes—could be on the chopping block.

Under a proposed tax change, only property taxes would remain deductible, meaning business owners who rely on income or sales tax deductions could be hit with an even higher federal tax bill.

And here’s the kicker: the current $10,000 SALT cap is set to expire, but if these deductions are eliminated altogether, that expiration won’t do you any good. Instead of relief, many business owners will face an even heavier tax burden.

How This Impacts You

• Higher Federal Taxes – If you’ve been relying on income or sales tax deductions to offset your tax bill, you could suddenly owe thousands more.
• Limited Relief – If you don’t own property, the only remaining deduction won’t even apply to you.
• An Unfair Hit on High-Tax States – If you’re running a business in places like New York, California, or Illinois, you’ll be paying more while business owners in low-tax states see little to no impact.

The Emotional Toll—Why This Is About More Than Just Taxes

Imagine this: You’ve spent years carefully managing your business, planning your finances, and reinvesting your earnings—only to wake up one day and find out that a key tax deduction has been wiped away.

Suddenly, your tax bill spikes, leaving you scrambling to cover the gap. Do you cut employee wages? Delay expansion? Take home less for yourself?

For many business owners, tax hikes aren’t just inconvenient—they’re make-or-break moments that affect livelihoods, employees, and long-term success. The stress, frustration, and uncertainty can feel overwhelming.

What You Can Do—Before It’s Too Late

• Reevaluate Your Tax Strategy – A proactive tax plan can help soften the blow of new tax changes. The right approach could save you thousands.
• Consider Business Restructuring – Depending on how your business is set up, restructuring could provide better tax advantages.
• Find New Tax Breaks – You may qualify for deductions and credits that can help offset the loss—if you know where to look.

IRSProb: Your Best Line of Defense Against Tax Hikes

If this change becomes law, will you be ready? Most business owners aren’t, and that’s exactly why IRSProb exists—to help business owners stay ahead of tax law changes, minimize their liabilities, and protect their hard-earned money.

You can’t afford to wait until tax season to figure this out. You need a strategy now.

At IRSProb, we don’t just prepare taxes—we defend business owners from unfair tax burdens, fight IRS issues, and uncover every possible way to keep more money in your pocket.

If you’re worried about what these tax changes could mean for your business, call IRSProb today at (833) IRS-PROB or (214) 214-3000. Let’s get ahead of this before it’s too late.