A Professional | Proactive |
Personable | San Diego CPA Firm

Conveniently Located in Historic Liberty Station

PTE Deduction Update:
What You Need to Know

The House has passed the “Big Beautiful Bill,” but Senate approval and possible changes are still pending. Final decisions are expected by early July, with President Trump requesting the bill on his desk by July 4th.

Key highlights of the bill in its current form:
• PTE Changes: Pass-through entities will no longer deduct state taxes on the federal ordinary income. Instead, the PTE payment is separately stated on the K-1 and the allowability shifts to the individual’s itemized return.
• SALT Cap Increase: The itemized deduction cap for state and local taxes would increase to $40,000 (MFJ) and $20,000 (Single), with phaseouts starting at $500,000 and $250,000 AGI, respectively.
• SSBT Exception: Service-based businesses (e.g., law, accounting, consulting, healthcare) classified as SSBTs would not be allowed the deduction.

Governor Newsom has proposed extending California’s PTE rules—but only if the federal deduction is allowed.

Since final rules won’t be in place before the June 15 PTE payment deadline, please consult with us now. We’ll help determine whether to continue PTE funding or switch to state estimates based on your income and business type.

Need Guidance? We’re Here to Help.
Every situation is unique, and timing is critical. If you're unsure whether to proceed with PTE funding ahead of the June 15 deadline, contact our team today. We'll review your specific circumstances and advise on the best course of action based on your business type and income level.

📞 Call us now or 📩 schedule a consultation to avoid missing key deductions.

Why Set Up an
Online IRS Account?

It’s important that as your accounting firm we file the most accurate returns possible to reduce the need to contact the IRS. Our ability to reach the IRS is severely limited, and the lag time for processing mailed returns or responses is well over six months behind.

Here are some tips to ensure your refunds are received timely:

Setup your IRS online account at www.irs.gov
Review your tax documents before you submit them to assure, they are complete.
Confirm the amount of ES-1040 estimated tax payments you made for 2023.

If you have dependents who must file a return or an ex-spouse who may claim the same dependent, make sure in advance who is eligible to file the claim for the dependent(s)

Information about why to set up an online IRS account.
With an online IRS account, you view your account status, make payments (including balances due and estimates, and more), view past payments, confirm economic impact payments received, pull IRS transcripts, and view new IRS notices and letters you received. We hope having your IRS online account will enable us to resolve matters more efficiently, but please note we have no access to your account.

The above items we mentioned are all things that frequently created IRS notices that we had to respond to in previous filing seasons, and any of these issues can also delay your refund.

Success Stories

Cindy Kunz of the San Diego Sandwich Company celebrates 20 year business anniversary with her CPA Jeanne Mann!

Why Mann & Associates

Jeanne Mann, CPA
President & Founder

Mann & Associates APC

You benefit because award-winning Jeanne and her team are committed to:

reducing your accounting fees by efficiently and cost-effectively managing your account. You'll know your fees up front.
becoming your trusted advisor-responsive, open and approachable.
providing close, personal attention to your financial needs.
giving you the assurance that the personal assistance you receive comes from years of training, technical expertise and keen financial insight.
continuing our education with up-to-date knowledge of tax laws and regulations.
utilizing the latest technology to bring you superior service.

TAX PORTAL

Be sure to bookmark this page of the website for links to important tax-related information.

This is where you will find the link to upload your information to our safe and secure portal.

Mann CPAs One-Sheet
We are happy to have an updated promotion sheet for you to download. The one-page summary of Mann & Associates APC is ideal to share with business colleagues, friends and family.

Click here to download.

Practice Areas

Financial Reporting & Assurance

Tax Accounting

Auditing

Management Accounting

Entity Selection

Cash Management

Testimonials

"With Mann & Associates, I know they are looking at our big picture all year long, not just during tax season. Jeanne returns my calls and is very approachable."

Cody Nosko

"Mann & Associates anticipates and creates opportunities for our company. In addition to extraordinary service, Mann and her team are consummate professionals. They know accounting, audits, taxes and more."

Joseph Kelchlin

As of March 26, 2025, all entities created in the United States — including those previously known as “domestic reporting companies” — and their beneficial owners are now exempt from the requirement to report beneficial ownership information (BOI) to FinCEN. Existing foreign companies that must report their beneficial ownership information have at least an additional 30 days from March 26, 2025—until April 25, 2025, for most companies—to do so.