Recently, our CEO, Marianela Collado, CPA/PFS, CFP®, CDS®, and Director of Tax Services, Lonnie Sluchak, CPA, hosted a Year-End Tax Planning Webinar to discuss key implications that could affect this year’s tax planning from the One Big Beautiful Bill. From making the most of deductions to insights on the fine print of the newly passed bill, Marianela and Lonnie shared their thoughts to help prepare clients for an updated tax landscape.
The session began with an overview of the importance of year-end tax planning, along with a refresher on the current income tax brackets and standard deduction amounts. Lonnie highlighted how quickly the rules are shifting and explained how this new bill fits into broader tax planning for 2025. From there, Lonnie and Marianela moved into some of the bigger updates, including the State and Local Tax (SALT) Cap raise to $40,000, the limits on itemized deductions, and the higher estate and gift tax exemption, which is scheduled to rise to $15 million per person on January 1, 2026.
Additionally, they discussed the now permanent 20% Qualified Business Income Deduction. They touched on how factors like salary levels or business structure may affect eligibility, and how owners may still receive the same deduction even with higher wages. Marianela underlined the possible benefit of splitting up businesses to stabilize the effects of these tax implications and level the playing field of S-Corp vs C-Corp taxation.
Then, the conversation shifted to other notable updates, such as the new additional deduction for seniors aged 65 and older and the charitable donation deduction for non-itemizers. Marianela also shared her insights on Qualified Opportunity Zones and explained how these investments may defer taxes and, in some cases, reduce taxable gains. She emphasized, however, that these investments come with trade-offs – they typically involve private funds, they are illiquid and require keeping money invested for several years.
They wrapped up the webinar with their core year-end tax planning opportunities, such as maximizing 401(k) contributions, bunching charitable giving, and loss gain harvesting. By focusing on these areas, taxpayers may be able to uncover meaningful savings before the year closes.
Below, we’ve highlighted some takeaways from the discussion for a concise look at the factors shaping today’s tax landscape.
To watch the full webinar, click here: https://tobiasfinancial.com/year-end-tax-planning-2025/
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