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Progressive
Financial Planning Services
9944 S. Roberts Road Ste. 108
Palos Hills, IL 60465-1555
Phone:
708-422-3711
Fax:
708-422-5727
E-mail:
Helping our clients navigate
their financial journey
towards their financial goals
The One Big Beautiful Bill Act (OBBBA) provides an annual deduction of up to $10,000 for interest paid on qualifying new auto loans, effective for tax years 2025 through 2028.
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These plans have generous contribution limits that increase with age, which may allow high-income business owners to catch up on retirement savings and significantly reduce their taxable incomes.
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