SERIES: Master The Margin Episode 5 | Tax Reform Update: 2025 Changes to the Tax Cuts and Jobs Act

Send us Fan MailIn 2017, the first major tax reform in over 30 years passed and it had a tremendous impact on independent pharmacies.Now, with the 2024 election right around the corner, many of these items could see a change!In this episode of Master The Margin, we're taking a step back from exploring the Balance Sheet and diving into an urgent update on the Tax Cuts and Jobs Act. Scotty Sykes goes over:What's in the Tax Cuts and Jobs Act.Updates to Tax Items That Affect Independent Pharmacies.Election Impacts and Changes You Can Expect in 2025 tax reform.Did you like this episode? Stay up to date on new episodes by liking and subscribing!Read and follow along with this episode at the show transcriptStay connected with us on social media:FacebookTwitter (X)LinkedInInstagramYouTubeScotty Sykes – CPA, CFP LinkedInScotty Sykes – CPA, CFP TwitterMore resources on this topic:Need help understanding your tax returns? Think you're paying too much in tax? Schedule an Rx Assessment with us Webinar - Tax Cuts and Jobs Act of 2017: Pharmacy Impact and §199A Blog – Tax-smart Depreciation on Pharmacy Buildings and Equipment Blog – Maximize Pharmacy State and Local Tax Deductions (SALT)