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If you run a construction business — whether it’s just you, you and your spouse, or a small team, there’s still time in 2025 to turn your health coverage into a 𝗹𝗲𝗴𝗶𝘁 𝘁𝗮𝘅-𝘀𝗮𝘃𝗶𝗻𝗴 𝘁𝗼𝗼𝗹.

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Here’s how smart contractors are using medical plans to save thousands in taxes before year-end 👇 ________________________________________ 🔹 𝟭. 𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟭𝟬𝟱 𝗛𝗥𝗔 (𝗛𝗲𝗮𝗹𝘁𝗵 𝗥𝗲𝗶𝗺𝗯𝘂𝗿𝘀𝗲𝗺𝗲𝗻
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If you’ve ever had a job site hit by a flood, wildfire, or storm — you know the physical damage can be devastating. But here’s something most contractors don’t know: the IRS makes it tough to get a tax break for personal casualty or theft losses… and the OBBBA didn’t change that much.

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Here’s the breakdown 👇 🔸 Bad news first:Until 2026, you can only deduct a personal casualty loss (like a fire or theft) if it’s part of a federally declared disaster.Even then, you
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If you’re a contractor in California, and you hire independent pros to help your construction business (e.g. estimator, bookkeeper, marketing consultant, or designer — not your field crew), note that starting January 1, 2025, the Freelance Worker Protection Act (FWPA / SB 988) requires written contracts for freelance jobs worth $250+ (or ongoing work over 120 days).

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That contract must include:- Both parties’ names & addresses- Scope of work, rate, and payment terms- Payment due date (or how it’s determined)- When the freelancer must submit inv
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