Section 179 Deduction 2020
48.6 هزار بار بازدید -
4 سال پیش
-
In this video, I explain
In this video, I explain how the section 179 deduction works and the 2020 limits. This is the deduction that people talk about when they’re talking about “writing off your car” or however they talk about it. Basically a business vehicle needs to be depreciated over time but thanks to section 179 and bonus depreciation, the full value of the vehicle can be depreciated in the first year of purchase.
#IRS #section179 #bonusdepreciation
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This video is for entertainment purposes only. The information portrayed in this video should not be considered as tax or legal advice. Consult with your own tax professional and attorney to get proper advice for yourself.
Section 179 Deduction 2020
#IRS #section179 #bonusdepreciation
Check out our other videos related to personal finances and tax, as well as business finances and tax.
If you enjoy our content and want to support us, donate through Venmo @nguyencpas
If you want more live Q&As or one on one chats to get specific questions answered, check out our Patreon page:
Patreon: nguyencpas
Our Website:
www.nguyencpas.com
Join our Facebook group for more active updates:
Facebook: nguyencpalounge
Our online course for navigating the pandemic:
https://courses.nguyencpas.com/course...
Budgeting Playlist:
Budgeting
Winning in Business Playlist:
Winning in Business
Tax Playlist:
Tax
PPP Playlist:
PPP Information
EIDL Playlist:
EIDL Information
COVID-19 Playlist:
COVID-19
This video is for entertainment purposes only. The information portrayed in this video should not be considered as tax or legal advice. Consult with your own tax professional and attorney to get proper advice for yourself.
Section 179 Deduction 2020
4 سال پیش
در تاریخ 1399/08/07 منتشر شده
است.
48,666
بـار بازدید شده