If you’re a business owner, taxes aren’t just numbers on a page—they’re a major factor in your financial future. One ongoing tax headache is the $10,000 cap on state and local tax (SALT) deductions, which limits how much you can write off on your federal return. Now, there’s a proposal to double the cap to $20,000 for married couples, but what does that really mean for you?
A Small Fix with Big Gaps
Since 2017, the SALT cap has hit business owners in high-tax states the hardest. Whether you own a small real estate firm in California or run a consulting business in New York, this cap forces you to pay federal taxes on income that’s already heavily taxed at the state level. While raising the cap to $20,000 for married couples might sound like relief, it still leaves many business owners—especially single filers—stuck with heavy tax bills.
And here’s the kicker: this change would cost the government an estimated $100–$200 billion while still not solving the problem for most taxpayers.
What Can You Do?
- Explore State Workarounds – Some states have options for pass-through businesses to avoid the SALT cap.
- Reevaluate Your Tax Strategy – If your tax burden is growing, it may be time to look at restructuring your business.
- Get Expert Help – Trying to navigate IRS rules alone is like walking through a minefield blindfolded. That’s where IRSProb comes in.
IRSProb: Your Best Strategy for Beating the Tax Burden
Taxes aren’t just about compliance; they’re about protecting your hard-earned money. At IRSProb, we don’t just help you file taxes, we help you take control of them. Whether it’s finding legal ways to reduce your tax bill, handling IRS disputes, or ensuring your business is financially optimized, we’ve got your back.