What’s The Difference Between Bonus & 179 Depreciation?
8.3 هزار بار بازدید -
7 ماه پیش
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Are you wondering about the
Are you wondering about the difference between Bonus Depreciation (168K) and 179 Depreciation? Because using the tax code properly to take all the deductions you have coming is essential.
And, yes, they are completely different!
The main differences are: you can use 100% of 179, but it can’t create a loss; Bonus Depreciation is only 80% in 2023; and now 179 must be used first. Of course, there are many other nuances to explore.
The purpose of this video is to help you get your arms around the differences between 168k and 179 and how to use them to your advantage. There is more to know about other differences between these two, so it’s worth it to view the entire video to discover all of them.
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Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#taxtuesday
And, yes, they are completely different!
The main differences are: you can use 100% of 179, but it can’t create a loss; Bonus Depreciation is only 80% in 2023; and now 179 must be used first. Of course, there are many other nuances to explore.
The purpose of this video is to help you get your arms around the differences between 168k and 179 and how to use them to your advantage. There is more to know about other differences between these two, so it’s worth it to view the entire video to discover all of them.
TAX TUESDAY LIVE
Join us every other Tax Tuesday, where you can have your tax questions answered live by our experts entirely FREE. Register Now 👉 https://aba.link/s36
---------------------------------------------------------------------------------------------------------
SUBSCRIBE
https://aba.link/subscribe
~~~~
FREE TAX & ASSET PROTECTION WORKSHOP
Learn about Real Estate Asset Protection from Clint Coons, Esq., and Toby Mathis, Esq. at our next all-day FREE Live Stream. Our attorneys and specialists will answer all of your questions: Save Your Seat: https://aba.link/h0x
FREE REAL ESTATE INVESTMENT STRATEGY SESSION
Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 https://aba.link/lha
TAX TUESDAY LIVE
Join us every other Tax Tuesday, where you can have your tax questions answered live by our experts entirely FREE. Register Now 👉 https://aba.link/s36
OTHER ANDERSON ADVISOR EVENTS
Learn a rich selection of subjects like tax and asset protection, business, investing, and more. Our partners, attorneys, and other skilled experts will help you learn what you need to know in order to better your chances of success in your professional life.
https://aba.link/tobyevents
~~~~
FINANCIAL PLANNING & TAX RESOURCES
📚 Order Your Copy of "Infinity Investing: How The Rich Get Richer And How You Can Do The Same" Here: 👉👉 👉 https://aba.link/IIWbook
Order Your Copy of ”Tax-Wise Business Ownership" and find greater success by taking advantage of tax laws for your business. Here 👉 https://aba.link/tobyshop
Visit Anderson Advisor's website for content, like articles, podcasts, and more that we publish alongside my channel. 👉 https://aba.link/tobyaba
~~~~
FOLLOW US:
Instagram: https://aba.link/instagram
Facebook: https://aba.link/facebook
Twitter: https://aba.link/twitter
LinkedIn: https://aba.link/linkedin
TikTok: TikTok: tobymathisesq
~~~~
CONTACT US
Phone: 800.706.4741
Email: [email protected]
Fax: 702.664.0545
ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
---------------------------------------------------------------------------------------------------------
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#taxtuesday
7 ماه پیش
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