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Surefire (and legal) ways to reduce your tax burden - Floor Covering News

Summary by Floor Covering News
It’s that time of the year again (tax time). And that means business owners are looking for ways to pay as little money as possible to the federal government. Whether they use tax deductions, tax credits or any other means of reducing their tax burden, one way to do this is to evaluate the taxation structure of your business entity. There are several different options, such as sole proprietors (where income is reported on an individual’s Schedul…
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Surefire (and legal) ways to reduce your tax burden - Floor Covering News

It’s that time of the year again (tax time). And that means business owners are looking for ways to pay as little money as possible to the federal government. Whether they use tax deductions, tax credits or any other means of reducing their tax burden, one way to do this is to evaluate the taxation structure of your business entity. There are several different options, such as sole proprietors (where income is reported on an individual’s Schedul…

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Politics406.comPolitics406.com

Gianforte Pushes to Ease Business Equipment Tax Burden, Proposes Higher Exemption

As National Agriculture Week comes to a close, Governor Greg Gianforte is ramping up efforts to reform Montana’s business equipment tax, emphasizing its financial strain on small businesses, farms, and ranches. Speaking at a press conference, the governor reiterated his proposal to raise the tax exemption from $1 million to $3 million, a move aimed at eliminating the tax burden for over 700… Source

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Politics406.com broke the news in on Sunday, March 23, 2025.
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