What changed for your taxes in 2025?
Practical summary organized by Business and Personal. Use the quick calculators for planning; we’ll confirm details during your engagement.
Note: Numbers here are simplified for planning and may be subject to IRS guidance, phase-outs, or state conformity. This page is educational, not tax advice.
Business (LLC/LLP, S-Corp, C-Corp, Sole-Prop)
Investment & Expensing
- 100% bonus depreciation for qualified property placed in service after Jan 19, 2025 (generally full first-year write-off if eligible).
- Section 179 remains robust with high expensing limits; coordinate with bonus and state rules.
Ongoing Deductions
- QBI §199A (pass-through) continues — subject to trade eligibility and income limits.
- Business interest limitation uses EBITDA-based ATI (favorable for capital-intensive firms).
We map these to your purchases (equipment, vehicles) and entity structure when we prep your return.
Personal (W-2 / Individual)
Standard deduction (2025)
- Higher base standard deduction (e.g., ~$31,500 MFJ / ~$15,750 Single, per preliminary IRS figures).
Targeted breaks
- Overtime premium deduction (temporary caps apply) — estimator below.
- Other targeted items (e.g., certain tip/senior deductions) — subject to income limits and years in effect.
SALT cap
- Higher temporary cap for some filers; we’ll test itemize vs standard for your case.
Quick Calculators
Planning tools only. Actual results depend on your full return and current IRS guidance.
Personal — Overtime Premium Deduction Estimator
Enter values and click “Estimate Deduction.”
We estimate the deductible “premium” portion as (multiplier − 1) × hourly × OT hours, capped by filing status.
Business — First-Year Write-Off Estimator
Enter cost and your tax rate, then click “Estimate.”
Assumes full immediate expensing eligibility and state conformity; savings ≈ deduction × marginal rate.
Want us to run your exact numbers (W-2s, 1099s, equipment purchases, mileage, SALT)?
Book a free 15-min consult.