Smart Tax Planning Strategies for Individuals & Business Owners in 2025
- Ashley Lawson
- May 20
- 1 min read
Tax planning is a year-round strategy. Here are the top moves individuals and business owners can make to reduce their tax bill in 2025.
For Individuals
Max out your IRA ($7,000 or $8,000 if 50+), pay quarterly estimated taxes if self-employed, bunch deductions to exceed the standard deduction threshold, and use the $19,000 gift tax exclusion for family wealth transfers.
For Business Owners
Take advantage of 100% bonus depreciation (permanently restored), claim the QBI deduction (up to 20% of qualified business income), set up a SEP-IRA or Solo 401(k) for tax-deductible retirement savings, and keep business and personal finances separate year-round.
Book a Tax Consultation with Resourceful Solutions & Associates at resourcefulsolutions.setmore.com or call 478-217-1416.
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