These Are the Smartest Tax Strategies in 2025, According to a CPA There will be numerous opportunities to decrease your tax burden this year. As a CPA, here's the playbook I'm giving to my clients.

Millions of Americans were in a holding pattern in 2024, waiting to make major decisions on business expansion, buying equipment, hiring, or even purchasing investment property. They were concerned about interest rates and inflation, of course, but they were also hampered by the uncertainty of the presidential election.

With a new Trump administration, we now have an answer: Republicans are expected to extend many of the provisions in the Tax Cuts and Jobs Act (TCJA), which were set to expire at the end of 2025. This includes keeping personal income tax rates the same, as well as maintaining the current standard deduction figures, bonus depreciation rules, and qualified business income deduction.

Had those not been extended, CPAs like me would have anticipated higher tax bills for our clients — and therefore advised on a range of mediocre, marginally helpful tactics. But now, I'm telling clients to operate with more certainty. We know what the economic impact was before under the Tax Cuts and Jobs Act, including the bottom-line impact on business owners' tax returns. It's now time to invest and to review our plans for expansion.