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What are you thinking about as far as tax planning as we reach the mid-point of 2025? While we eagerly await finalized legislation, we're focusing on foundational tax reduction methods that require little cash outflow while delivering substantial benefits. Some topics discussed with our clients and in this episode include...

• Augusta Rule allows business owners to rent their home to their business for up to 14 days tax-free, potentially creating $42,000 in deductions
• Hiring family members can generate significant business deductions while keeping money within the family
• Solar panel investments offer both immediate tax credits and potential positive cash flow through energy savings
• Medical expenses can be converted to valuable business deductions through proper fringe benefit structuring
• Advanced charitable strategies can eliminate up to 60% of taxable income at a fraction of the cost
• Building systems around these strategies creates compounding tax benefits regardless of future tax law changes

If you want to learn more about these strategies, go to prosperalcpa.com/apply for a personalized review of your situation, or visit taxplanningchecklist.com for our mini course.