More than 60 federal tax rules can be adjusted annually for inflation. The IRS announced the COLAs for 2025, which include the taxable income limits for the qualified business income deduction, the dollar limit for the Sec. 179 (first-year expensing) deduction, the maximum reimbursements allowed under QSEHRAs, and the maximum deduction for energy-efficient commercial buildings. Knowing the numbers can help you with year-end tax planning and budgeting for 2025. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
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