The Big Beautiful Breakdown: The Hidden Challenge of State Conformity

In this emergency headline episode of Traction with a Tiger, host and tax tiger Chris Wittich dives into one of the most overlooked but critical issues in tax planning, state conformity. While the One Big Beautiful Bill introduced sweeping federal tax changes, states like Minnesota do not automatically follow suit. Chris explains how static conformity works, why it creates uncertainty, and what taxpayers and businesses should be watching for in 2025. From bonus depreciation to tip deductions, learn why your federal benefit may not carry over to your state return and why patience, planning, and sometimes extending your return may be your best strategy.