2025 Tax Laws: What’s Changing & How to Stay Ahead
On this week's episode of THE FINANCIAL COMMUTE, host Chris Galeski and Scott Gilmore, CEO of Ascend Tax and Business Advisors, discuss upcoming tax law changes and how to maximize your tax benefits in 2025.
Here are some key takeaways from their conversation:
Due to the January fires in LA, tax filing and payment deadlines have been extended to October 15th for individuals and businesses residing in Los Angeles County.
A Net Operating Loss (NOL) occurs when a taxpayer’s deductible losses exceed their taxable income in a given year. For those affected by the LA fires, net operating losses can…
The skinny
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