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3 Tax Moves to Make Before Year-End for Bigger Deductions
Investopedia· 2025-12-02 01:00
Core Insights - The "One Big Beautiful Bill" introduces significant changes to tax credits and deductions for the 2025 tax year and beyond, prompting taxpayers to act now to maximize benefits [3][4]. Tax Changes and Strategies - The SALT deduction cap has increased from $10,000 to $40,000 for the 2025 tax year, benefiting higher-income earners and residents in high-tax states [5]. - Taxpayers can pre-pay estate taxes and quarterly state and local taxes to take advantage of the new SALT cap [7][10]. - Individuals earning less than $633,333 may consider "double-paying" real estate taxes to fully benefit from the increased SALT deduction cap [8]. Charitable Contributions - The new legislation allows non-itemizers to deduct up to $1,000 in charitable contributions starting in 2026, suggesting a delay in end-of-year donations for these taxpayers [11][12]. - Itemizers may want to expedite charitable donations planned for 2026 due to new restrictions on deductions starting in 2026 [13][14]. Clean Energy Tax Credits - Taxpayers must act quickly to utilize clean energy home tax credits, which allow for a deduction of up to 30% of qualified expenses, including solar panels and energy-efficient home improvements [15][19].
Canter Power Systems Expands Gulf Coast Presence with Optimize Generator People Acquisition
Globenewswire· 2025-10-07 19:24
Core Insights - Canter Power Systems has acquired Optimize Generator People, enhancing its position as a leading provider of residential backup power solutions in the U.S. [1][3] - This acquisition marks Canter's sixth add-on acquisition since partnering with Rotunda Capital Partners in 2021, indicating a strategic growth trajectory [1][4]. Company Overview - Canter Power Systems is recognized as one of the largest independent installers of home standby generators in the U.S. and has been a Generac Power Premier Pro dealer since 2016 [5]. - The company has achieved significant accolades, including being Home Depot's largest national residential generator installer since 2007 and receiving the Generac Industry Excellence Award in 2021 and 2022 [5]. Optimize Generator People - Optimize, based in Baton Rouge, Louisiana, specializes in generator installation, inspection, and repair services across four locations in Louisiana [2]. - The company is known for its technical expertise and reliability, making it a trusted partner for homeowners seeking backup power solutions [2]. Strategic Partnership - The partnership between Canter and Optimize aims to expand their reach across the Gulf Coast and Southeast U.S., enhancing installation, service, and maintenance capabilities [3]. - Homeowners will benefit from a wider range of solutions, including comprehensive repair and preventative maintenance services [3]. Management Perspectives - Canter's CEO, Brian Lopatka, emphasized the importance of the acquisition in serving more homeowners and delivering value across combined markets [4]. - Matthew Newman, Managing Partner of Optimize, highlighted the access to additional resources that will help both companies create new opportunities for employees and customers [4]. - Ryan Aprill from Rotunda noted that this acquisition strengthens Canter's ability to serve customers in the Gulf state region, following previous successful acquisitions [4].