Year-End Tax Tip: The SALT Workaround for High-Income Earners
If you’re making over $500,000 and live in a state with income tax, this strategy could save you thousands — but it must be done before December 31st. It’s called the SALT Workaround — short for State and Local Tax deduction. Normally, you can only deduct up to $10,000 of state and local taxes on your 1040. However, about half of U.S. states now allow your S corporation to pay those state taxes directly — letting you deduct them at the business level instead. This is a powerful year-end move for high earners. Check with your accountant now to see if your state allows it and make sure it’s done before year-end. Learn more at https://markjkohler.com/youtube source
This is NOT Legal Tax Advice!
🔥 Want to become Jasmine’s client? Tax Planning & Returns, Accounting, and IRS Tax Resolution: https://jasminedilucci.com/discovery-call 🔥 Join my new FREE Actual Tax Law Community for Free Workshops, Q&A’s and Tax Resources: https://actualtaxlaw.com/ 🔥 Follow Jasmine on Instagram for daily content: https://www.instagram.com/taxleveragejd/ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ABOUT JASMINE DILUCCI, JD, CPA, EA Jasmine DiLucci has specialized in tax since high school when she first became licensed to represent taxpayers before the IRS. Now as a tax attorney and CPA, she works with individuals and business owners across the nation to on Tax Planning, CFO Advisory, and IRS Tax Resolution How Jasmine Got Here… 18: Became an Enrolled Agent, licensed to represent taxpayers before the IRS. 22: Earned an Accounting Degree and a Master’s in Finance. 23: Became a CPA 24: Stepped into leadership as she took over her own CPA firm 26-28: Juggled full-time studies at SMU Law while she was growing her CPA firm. 28: Graduated from law school 4th in her class and became an Attorney, all while managing her CPA firm. 29-31: Expanded her CPA firm to seven figures, with a focus on delivering top-notch service and exceptional value to every client. 32: Launched Tax Leverage to offer free online education and combat the rise of “tax gurus,” aiming to provide real, accessible tax knowledge. Today: She’s dedicated to running her firm and leveraging her expertise to educate and empower others, helping individuals and businesses navigate the complexities of taxes and finance. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Disclaimer: This information on this channel is for educational purposes only and does not constitute professional legal or tax advice. # # #jasminedilucci source
The Short-Term Rental Loophole Explained
The Short-Term Rental Loophole = major tax savings. Renting your property for 7 days or less can turn it into a business, letting you use real estate losses to offset W-2 income. Schedule a free consultation here: https://aba.link/af2 #RealEstateTax #ShortTermRentalLoophole #TaxStrategy #AirbnbInvesting #WealthBuilding #TaxTips #RealEstateInvesting #FinancialFreedom ——————————————————————————————————— OTHER ANDERSON ADVISOR EVENTS Learn a rich selection of subjects like tax and asset protection, business, investing, and more. Our attorneys and other skilled experts will help you learn what you need to know in order to better your chances of success in your professional life. https://aba.link/tobyevents ~~~~ FINANCIAL PLANNING & TAX RESOURCES 📚 Order Your Copy of “Infinity Investing: How The Rich Get Richer And How You Can Do The Same” Here: 👉👉 👉 https://aba.link/IIWbook Order Your Copy of ”Tax-Wise Business Ownership” and find greater success by taking advantage of tax laws for your business. Here 👉 https://aba.link/tobyshop Visit Anderson Advisor’s website for content, like articles, podcasts, and more that we publish alongside my channel. 👉 https://aba.link/tobyaba ~~~~ FOLLOW US: Instagram: https://aba.link/instagram Facebook: https://aba.link/facebook Twitter: https://aba.link/twitter LinkedIn: https://aba.link/linkedin TikTok: https://www.tiktok.com/@tobymathisesq ~~~~ CONTACT US Phone: 800.706.4741 Email: info@andersonadvisors.com Fax: 702.664.0545 ABOUT TOBY MATHIS Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba ——————————————————————————————————— WARNING: I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name, and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture. The information provided in this video should not be construed or relied on as financial, investment, or legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. source
House Hacking: The New Rental Property Strategy
House hacking is exploding right now — especially in cities like Phoenix. People are buying single-family homes and converting them from a 3-bed, 2-bath into a 6-bed setup — renting out rooms, adding bathrooms, installing extra fridges and stoves, and creating mini apartment-style living spaces under one roof. It’s not just about saving on rent — it’s about building community and generating cash flow at the same time. Learn how real estate investors and first-time buyers are using house hacking to save and build wealth at https://markjkohler.com/youtube source
How Oil & Gas Could Still Save You Taxes in 2025
Looking for a powerful year-end tax deduction? Consider the Intangible Drilling Cost (IDC) deduction in the oil and gas industry. If you invest in a working interest before the end of the year, you could qualify for a significant depreciation write-off — even if you invest in the last few months. Most of the deduction will hit next year, but it still counts as a legitimate year-end strategy. It’s a niche, but proven, tax tool that many high-income earners use to offset taxable income. Learn more strategies like this at https://markjkohler.com/youtube source
Is Trump Helping People Buy Airbnbs for Free?
🔥 Want to become Jasmine’s client? Tax Planning & Returns, Accounting, and IRS Tax Resolution: https://jasminedilucci.com/discovery-call 🔥 Join my new FREE Actual Tax Law Community for Free Workshops, Q&A’s and Tax Resources: https://actualtaxlaw.com/ 🔥 Follow Jasmine on Instagram for daily content: https://www.instagram.com/taxleveragejd/ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ABOUT JASMINE DILUCCI, JD, CPA, EA Jasmine DiLucci has specialized in tax since high school when she first became licensed to represent taxpayers before the IRS. Now as a tax attorney and CPA, she works with individuals and business owners across the nation to on Tax Planning, CFO Advisory, and IRS Tax Resolution How Jasmine Got Here… 18: Became an Enrolled Agent, licensed to represent taxpayers before the IRS. 22: Earned an Accounting Degree and a Master’s in Finance. 23: Became a CPA 24: Stepped into leadership as she took over her own CPA firm 26-28: Juggled full-time studies at SMU Law while she was growing her CPA firm. 28: Graduated from law school 4th in her class and became an Attorney, all while managing her CPA firm. 29-31: Expanded her CPA firm to seven figures, with a focus on delivering top-notch service and exceptional value to every client. 32: Launched Tax Leverage to offer free online education and combat the rise of “tax gurus,” aiming to provide real, accessible tax knowledge. Today: She’s dedicated to running her firm and leveraging her expertise to educate and empower others, helping individuals and businesses navigate the complexities of taxes and finance. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Disclaimer: This information on this channel is for educational purposes only and does not constitute professional legal or tax advice. # # #jasminedilucci source
Year-End Reminder: Maximize Your Charitable Contributions
Charitable giving is one of the best year-end tax strategies. Whether it’s your church, school, or favorite nonprofit, make sure your donations are made before December 31st to count for this tax year. A few tips: • You can give using a credit card and still claim it for this year. • Donating appreciated stock is even better — you avoid capital gains. • If you’re over age 72, you can make charitable gifts directly from your IRA to satisfy your required minimum distribution. Plan ahead and give wisely — it helps others and can help you save on taxes too. More strategies at https://markjkohler.com/youtube source
Protecting Your Business in Divorce — Asset Protection When a Marriage Ends
MAKE AN APPOINTMENT TODAY! https://kkoslawyers.com/schedule-an-appointment/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp600-rebecca-zung-interview Check out more from Rebecca Zung! YouTube: https://www.youtube.com/@RebeccaZungEsq Instagram: https://www.instagram.com/rebeccazung/ Website: https://www.rebeccazung.com/ Divorce on the horizon? Before you make a single financial move, listen to this high-stakes conversation with bestselling author and negotiation expert Rebecca Zung and attorney Mark J. Kohler. We break down what to do first, what to avoid, and how to protect your future — without playing dirty. You’ll learn the five main areas courts consider in family law cases—property division, spousal support, custody and parenting decisions, child support, and attorney’s fees—and how each one affects the next. We cover business valuation timing, enterprise vs. personal goodwill, forensic accounting, lifestyle analysis, and “sudden income deficiency syndrome.” Plus, Rebecca explains her SLAY framework (Strategy, Leverage, Anticipate, You) for negotiating with narcissists and staying out of emotional sabotage. If this helped, subscribe for weekly legal and tax strategy insights, drop your questions in the comments, and share with a friend who needs it. CHAPTERS: 0:00 Teaser 0:41 How To Prepare Financially For Divorce 3:13 Key Legal And Financial Questions 8:40 The Five Core Divorce Issues 10:57 How Assets And Property Are Divided 16:26 Gathering Evidence And Documentation 19:27 Building Financial Stability 25:06 First Steps After Filing 27:30 Assembling Your Divorce Support Team 32:03 The S.L.A.Y. Framework Explained 35:09 Exposing Financial Inconsistencies 37:18 Divorce Playbook & Next Steps Resources: Interview a Main Street Tax Pro that Speaks like Mark: https://taxadvisornetwork.markjkohler.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp600-rebecca-zung-interview Meet with a Real Lawyer on Zoom: https://kkoslawyers.com/schedule-an-appointment/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp600-rebecca-zung-interview Self-Direct Your IRA or 401k- Buy a Business or Real Estate with Your Retirement Account (Directed IRA): https://directedira.com/appointment/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp600-rebecca-zung-interview Keep Your LLC or Corp in good standing and Hide Your Address (Main Street Business Services): https://mainstreetbusiness.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp600-rebecca-zung-interview Become a Certified Tax Advisor in Mark’s Program – https://mainstreetpros.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp600-rebecca-zung-interview Connect: Website: https://markjkohler.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp600-rebecca-zung-interview LinkedIn: https://www.linkedin.com/in/markjkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp600-rebecca-zung-interview Facebook: https://www.facebook.com/markkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp600-rebecca-zung-interview Instagram: https://www.instagram.com/markjkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp600-rebecca-zung-interview X: https://x.com/markkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp600-rebecca-zung-interview TikTok: https://www.tiktok.com/@markjkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp600-rebecca-zung-interview source
Why a Side Hustle is the Best Tax Strategy
It’s easy to complain about inflation or taxes — but what are you going to do tomorrow morning? You’ve got two options: cut costs or make more money. And most of us have already cut everything we can. That’s why the side hustle or small business is the key. It’s not just about earning extra income — it’s about building something smarter. With the right structure, you can actually make more money per hour, tax-free. It’s time to stop grinding harder and start working smarter. Learn how to set up your side hustle the right way at https://markjkohler.com/youtube source
Small Business Tax Tip: Use an HRA Before Year-End
If you’re a small business owner and want to write off more of your medical expenses, consider setting up an HRA — Health Reimbursement Arrangement. It’s the perfect companion to your HSA (Health Savings Account) and lets your business reimburse medical expenses tax-free — but here’s the catch: Reimbursements must happen before December 31st. You can use an HRA to cover deductibles, dental, vision, chiropractic care, and more, all while keeping your HSA money growing tax-free for the future. I cover this strategy in detail in my book The Tax and Legal Playbook — available on Amazon. Learn more at https://markjkohler.com/youtube source