The 2025 Tax Changes You Need to Know Pt. 1
- Davian Rhodes, CPA
- Oct 29, 2024
- 2 min read
Updated: Feb 26
D. Rhodes, CPA, Writer and Editor
The IRS just dropped their 2025 guidelines, and hidden in all that tax talk is your blueprint for getting to what matters to you, like:
Building wealth beyond standard operations
Owning real estate
Having more time with your loved ones
Creating legacy
This is bigger than taxes. This is utilizing a tool that rewards you for all of the hard work you've done.
Here's What the 2025 Changes Mean For You
Section 179 Deduction: You can now write off up to $1,250,000 in business equipment. While you most likely won't be spending that much, the government is essentially helping fund your expansion through tax savings. This isn't just about buying equipment - it's about making investments that yield you a return in the future. Stop paying for expenses and start acquiring assets.
Increase in Free Money: The new standard deductions ($15,000 single, $30,000 married) mean you can keep more of what you earn. That's extra cash for:
Down payment on your own space
Real estate investments
Building your emergency fund
Investing in education or certifications
Money for Being a Business Owner: The qualified business income deduction thresholds ($197,300 single, $394,600 married) support expanding. Think:
Product lines
Multiple shop locations
Education programs
This isn't about saving a few bucks on taxes. It's about using these new rules to systematically build wealth. Every dollar you save on taxes is a dollar you can invest in your future.
Your Next Move
Start planning your 2025 business investments now
Consider timing major equipment purchases for maximum deductions
Think about expanding your business model
Work with a tax pro (shameless plug - like us) who understands where you want to go
Remember: Our ultimate goal is to help you save time and money, while building wealth and legacy.
The choice is yours, but the clock is ticking. Reach out today so we can help get you from where you're at, to where you want to be. Your move boss.
*This article provides general information, not individual tax advice. Tax situations vary; consult with a qualified tax professional, like myself, for advice specific to your circumstances.