EPISODE · May 25, 2026 · 14 MIN
384 \\ Why the $40K SALT Deduction Won’t Help You (Here’s What Will)
from SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice · host Tiffany Phillips, CPA & Small Business Tax Strategist
Most high-income business owners think the new SALT cap fix solved their tax problem. It didn’t. In this episode, we break down the truth behind the PTE election and how it can save you thousands in taxes. You’ll learn how this tax strategy works, why the $40K SALT cap is misleading, and how to legally bypass the deduction limit. We walk through real numbers, common mistakes, and the exact steps to make the election correctly. This is clear, practical CPA advice focused on tax planning, tax strategies, and maximizing income. If you’re earning over $500K or paying high state taxes, this episode is critical. Listen now before you miss another year of tax savings. Next Steps: ➡️ Overpaying your CPA and the IRS? Learn how to stop it in this free training: https://go.phillipsbusinessgroup.com/registration 💰 Start Paying Less in Taxes – Grab a Copy of Your Biggest Expense! ☎️ Find Out How Much You’re Overpaying the IRS – Book a Free Discovery Call 📧 Questions? Email Me at [email protected]
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384 \\ Why the $40K SALT Deduction Won’t Help You (Here’s What Will)
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