Tax Planning Strategies for 2025 and Beyond
Proactive Planning for a Changing Tax Landscape
With the passage of the One Big Beautiful Bill Act (OBBBA) and other 2025 federal tax law changes, individuals and businesses face a new set of opportunities—and challenges.
At SB Accounting and Business Services, we believe the most effective tax strategy starts long before the filing deadline. By planning ahead, you can reduce liabilities, optimize deductions, and position yourself for long-term success.​
Why 2025 Is a Key Year for Tax Planning
The 2025 tax year serves as a transition point between the previous provisions of the Tax Cuts and Jobs Act (TCJA) and the new permanent rules introduced by the OBBBA. Many temporary deductions and credits are being redefined, while others are locked in at new levels.
Understanding how these changes interact—and how they apply to your specific situation—is essential for accurate forecasting and effective decision-making.
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Core Tax Planning Opportunities
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Adjusting to New Income Brackets and Deductions
With modified income tax thresholds and deduction limits, both individuals and business owners should re-evaluate their filing strategies.
Reviewing your withholdings and estimated payments early in the year helps prevent surprises when filing in 2026.
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Maximizing Retirement and Savings Contributions
Contribution limits for 401(k)s, IRAs, HSAs, and SEP plans have increased under inflation adjustments. Making full use of these accounts can lower current taxable income while building future financial stability.
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Strategic Timing of Income and Expenses
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Shifting income or expenses between tax years can provide valuable flexibility, particularly for business owners or those with variable income.
Careful timing of asset purchases, bonus payments, or capital gains can help smooth out taxable income over multiple years.
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Evaluating Entity Structure and Compensation Planning
For small businesses and pass-through entities, changes to the Qualified Business Income (QBI) deduction and potential adjustments to corporate rates make this an ideal time to revisit your business structure.
Aligning how income flows through your business can significantly impact your total tax liability.
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Taking Advantage of the Higher Estate and Gift Tax Exemptions
With the OBBBA making higher exemption levels permanent, now is the time to reassess gifting, trust, and estate strategies. Planning early allows you to lock in benefits under the updated law while ensuring your legacy goals are met.
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International and Expatriate Considerations
For cross-border taxpayers, updates to reporting rules and treaty provisions under the 2025 tax framework require close monitoring. Coordinated planning across jurisdictions helps avoid double taxation and ensures compliance.
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Building a Strategy That Works for You
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Effective planning isn’t about reacting to tax law changes—it’s about anticipating them.
We work proactively with clients to design strategies that reflect both the current tax code and their future goals. Whether you’re planning for business growth, retirement, or generational wealth transfer, thoughtful preparation today can create significant savings tomorrow.
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Let’s Plan Ahead Together
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Each client’s situation is unique. Our role is to help you interpret new laws, understand how they apply to you, and build a plan tailored to your objectives.
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Start planning now to make the most of the 2025 updates—and stay one step ahead of what comes next.
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