Welcome to the Main Street Business Podcast with your distinguished hosts, Mark J. Kohler and Matt Sorensen. Both are best-selling authors and have over 25 years of industry experience with 10,000 client consultations, making them the leading tax and legal experts in the nation. Together, they'll unpack the most complex tax, legal, and financial strategies, crucial for saving more, stressing less,

and building generational wealth. Today, they're your personal advisors, ready to break it down

for you and make the tax and legal game easier than ever. Here is Mark and Matt.

There's three steps to see if you can use this workaround, and then there's three steps to do it.

We want to be focused on this now. Tax planning for 2025 happens in 2025.

You want your advisor to be able to put this all up on the board, like a chest move and go,

okay, let's do this, do this, do this, and boom, all of a sudden,

you're saving 20, 30 grand of taxes that you never realized you could.

Once you have success as a business owner, your number one expense becomes taxes.

So if you want to play a little defense, so you're not getting points scored on you from the IRS

in your state, that's tax planning.

Welcome everyone to the Main Street Business Podcast.

This is Matt Sornshund, joined by the incredible Mark J. Kohler.

We are excited to be with you today talking about something that matters on your tax return.

This is about saving on your federal tax return for money you're spending in taxes to the state. That's right. You may be paying

taxes to the federal government on money you made, but actually had to send to the state.

This is called the salt deduction, which has a cap now. So we want to break this down for you.

This is hotly contested in the one big beautiful bill, but some workarounds and some strategies

were preserved here for you business owners.

So we want to go over that to make sure you understand how to maximize this deduction for

state and local taxes you're paying.

And Mark's going to break it down for us because he's really dived into this, had personal

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