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IRC Section 280A lets you rent your personal home to your business for up to 14 days per year — completely TAX-FREE income to you, and a 100% deductible business expense.

• Set a market-rate rental price (use comparable venues)
• Document every "business meeting" held at home
• Business pays you — you receive tax-free rental income
• Business deducts full rental cost on Schedule C
• 14 days × $1,000/day = $14,000 shifted tax-free

The Qualified Business Income deduction is now PERMANENT thanks to the One Big Beautiful Bill Act. Self-employed and pass-through entity owners deduct up to 20% of net business income — automatically.

• Applies to sole proprietors, LLCs, S-Corps, partnerships
• Deduct 20% of qualified business income off your taxes
• Phase-in threshold raised to $75K single / $150K joint
• New $400 minimum deduction for active owners
• File IRS Form 8995 — no tracking software required

The most powerful retirement vehicle for self-employed individuals. A Solo 401(k) lets you contribute as both employee AND employer, stacking massive deductions in a single account.

• Employee contribution: up to $23,500 (2025)
• Employer contribution: up to 25% of net SE income
• Age 60–63 catch-up: extra $11,250 ($81,250 total)
• All contributions reduce taxable income dollar-for-dollar
• Open by Dec 31 to qualify for current tax year

The Health Savings Account is the only account in the US tax code with THREE tax advantages: deductible going in, tax-free growth, and tax-free withdrawals for medical expenses.

• Requires a High-Deductible Health Plan (HDHP)
• 2025 limit: $4,300 individual / $8,550 family
• $1,000 extra catch-up if age 55+
• Invest the balance — grows tax-free like a Roth IRA
• At 65 it becomes a second Traditional IRA

The One Big Beautiful Bill Act raised Section 179 to $2.5 million — plus fully restored 100% Bonus Depreciation through 2030. Buy equipment, write it off 100% the same year.

• Equipment, vehicles (SUV 6,000+ lbs), computers, furniture
• 100% bonus depreciation on new AND used property
• No income limit on bonus depreciation (can create loss)
• Applies to property placed in service after Jan 19, 2025
• File IRS Form 4562 to claim

Self-employment tax is 15.3% on all net income. By converting to an S-Corp and paying yourself a "reasonable salary," you only pay SE tax on the salary — not the distributions.

• Form an S-Corporation (or elect S-Corp status on existing LLC)
• Pay yourself a reasonable salary (e.g. $50K)
• Take remaining profit as a distribution — no SE tax
• $100K profit → $50K salary saves ~$7,650 in SE tax
• Combine with LegalShield for $19/mo legal protection

The OBBBA (2025) raised the State and Local Tax (SALT) deduction cap from $10,000 to $40,000 for taxpayers earning under $500,000. Massive win for homeowners in high-tax states.

• Deduct state income taxes + local property taxes
• Cap raised to $40,000 (previously $10,000 post-2017)
• Phases out for MAGI over $500,000
• Requires itemizing — compare to standard deduction
• Combines with mortgage interest for powerful itemized total

Before OBBBA, domestic R&D costs had to be amortized over 5 years. Now you can deduct ALL domestic research and experimental costs in the year incurred. Retroactive to 2022 for small businesses.

• Software development, product testing, prototypes qualify
• Deduct 100% in year incurred (no more 5-year amortization)
• Businesses under $31M can amend returns back to 2022
• File new IRS Schedule 1-A to claim
• AI tool development, app building = qualified R&D