How the Tax Cuts and Jobs Act Could Affect Massage Therapists

This excerpt is from Lisa Bakewell’s article “The Tax Rules, They Are A-Changin’” in Massage & Bodywork magazine. You can read the full article at www.massageandbodyworkdigital.com/i/943527-march-april-2018/92. ABMP echoes Lisa’s advice: this article is a guide, and you should seek the advice of a financial professional to obtain optimal tax benefits for you, your family, and your business. ABMP members save with H&R Block at https://www.abmp.com/members/business-management/discounts-and-resources/discounts#legal-and-finance.

On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (TCJA), marking the first significant reform of the US federal tax code for individuals, small businesses, and corporations since the 1986 Tax Reform Act.

Beginning in 2018, the TCJA provides several taxsaving opportunities for businesses of all shapes and sizes and—most notably—a new tax deduction for small business owners (pass-through entities).

In this article, highlights of the TCJA are discussed; however, always seek the advice of a financial advisor to obtain optimal tax benefits for you, your family, and your business.

The full text of the article is available here, and includes:

  • An overview of the seven individual tax brackets and rates for 2018.
  • A review of Section 179, the deduction allowing small businesses an immediate break on purchases of equipment.
  • An overview of phased-out deductions and other changes as a result of the TCJA.
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Read the May / June 2022 Issue of Massage & Bodywork Magazine

The May/June 2022 issue of ABMP's Massage & Bodywork magazine is available at www.massageandbodyworkdigital.com. ABMP members get a print subscription as part of membership, and the digital edition is available online and free to the profession.

In this issue, we explore pelvic tilt and spinal compensation, improving bodywork through breath, and how listening to your clients is a superpower. We also discuss SI joint dysfunction, overuse injuries, and much more!⁠

Cupping Canada Inc. and Mobile Massage Mastery GIVEAWAY: Value over $2,022!

Cupping Canada Inc. and Mobile Massage Mastery GIVEAWAY—value over $2,022!

3 lucky participants will win shared prizes:

• 16 CE live online Evidence Informed Clinical Cupping course from Cupping Canada & Cupping USA (NCBTMB approved & Canadian approvals) - valued at $405 CAD

• Online course starter kit, tie dye silicone drinking glass & silicone straw kit from Cupping Canada and Cupping USA - valued at $120 CAD

2022 ABMP CE Summit Course: Updating our Hands-On Approach

Learn about the properties of fascia and hands-on techniques for working with fascia in the leg. Join Til Luchau and Whitney Lowe for this engaging course that explores the composition and roles of fascia and collagen and demonstrates several myofascial hands-on techniques focused on the fascia in the leg and the sartorius, gracilis, semitendinosus, and pes anserinus muscles.

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