The 2025 Tax Changes Barbers Need to Know Pt. 1

Episode Transcript

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The 2025 tax changes a barber.

(00:02):
Barbara's need to know part one.
The IRS.
Just dropped there 20, 25guidelines and hidden and all
that text talk.
It's your blueprint for gettingto what matters to you?
Like building wealth beyond.
And behind the chair.
Owning real estate, having moretime with your loved.
Ones and creating legacy.
This is bigger than Texas.
This is utilizing the tool thatrewards you for all of the hard

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work you've done.
So let's jump straight into it.
Here's what the 2025 changes.
I mean for you.
Number one.
Section 1 79 deduction.
You can now write off, up.
Up to 1.2,$5 million in businessequipment.
While you most likely.
We won't be spending that much.
The government is essentiallyhelping fund.
On your expansion through taxsavings.

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This isn't just about buyingchairs.
There's it's about makinginvestments that yield you a
return in the future.
Future.
Which means you'll start payingfor expenses.
And start acquiring.
Wiring assets.
Number two.
Increase in free money.
The new standard deductions meanyou can keep more of what you
earn.
That's extra cash for downpayment on your shop.

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Real.
Estate investments, buildingyour emergency fund.
And investing.
In education or certifications.
The standard deduction for.
Filing single is$15,000.
And the standard deduction.
For filing Mary, this$30,000.
Number three money for being abusiness owner to qualify
business.
Business income deduction,thresholds support, expanding

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beyond just cutting hair.
For filing, single is 197,003.
A hundred dollars.
Filing married is 394,006.
A hundred dollars.
I think this is helping youteach a barber schools.
Create product lines, openmultiple shop locations and.
And create education programs.
This isn't about saving a few.
Books on taxes.

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It's about using these new rulesto system.
Systematically build wealth.
Every dollar you save on taxes.
Is a dollar you can invest inyour future.
So what's your next move number?
Number one start planning your2025 business investments.
Now number.
To consider timing and majorequipment purchases for maximum.
Some of them deductions.
Number three.

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Think about expanding yourbusiness model.
Number four, work with a tax prowho understands where you want.
To go shameless plug like us.
Remember the most successful.
Barbers.
Aren't just great with Clippers,the smart with their money.
These.
Tax changes are your tools forbuilding the future you want.
Want to know exactly how to usethese changes to fund your next

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business, move texts, future.
Oh, 2 9 8 0 2 9 0 8 2 8 7.
Listen to choices, yours, butthe clock is ticking and don't
let the.
IRS, give you a haircut.
You can't start your way out ofis your move boss.