EP 125 Maximizing “Use It or Lose It” Tax Breaks for High Earners

03/10/2025 30 min
EP 125 Maximizing “Use It or Lose It” Tax Breaks for High Earners

Listen "EP 125 Maximizing “Use It or Lose It” Tax Breaks for High Earners"

Episode Synopsis

Send us a textWe challenge the idea that lower is always better for taxes and show how “use it or lose it” deductions and credits vanish when income is either too high or too low. We map the sweet spots that unlock SALT, QBI, and child credits, and share moves to land there on purpose.• standard vs itemized deductions and why timing matters• SALT cap expansion and the $500k–$600k AGI phaseout• AGI-reducing vs taxable-income-reducing strategies• QBI rules, SSTB phaseouts, and the ~$395k MFJ target• stacking SALT and QBI for outsized savings• when adding income beats cutting it, including Roth conversions• child tax credit thresholds and why MAGI control matters• state nonconformity to bonus depreciation and planning implications• practical levers: retirement deferrals, cost seg, oil and gas, expense timing👉 Want to see how much you could save on taxes?Get a free custom projection at ProsperlCPA.com/OpportunityReportComplete a quick 5-minute survey, and we’ll send you a personalized video breaking down what tax strategies may apply to you — and how much you could save this year.

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