Ep. 179 | Section 179 vs Depreciation. Which Saves You More?
Download MP3Welcome back to episode 179 of the Teaching Tax Flow Podcast! In this episode, we tackle Section 179 of the IRS Code Book, a key component for any small business aiming for significant tax savings. We'll break down how bonus depreciation can enhance your tax efficiency and improve your strategic planning when acquiring new equipment. This discussion is crucial for understanding business taxes and maximizing your deductions.
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EPISODE SPONSOR
Strategic Associates, LLC
Roger Roundy
http://www.linkedin.com/in/roger-roundy-86887b23
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π§ Listen on your favorite podcast platform:
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π Apple Podcasts https://apple.co/3ZkyEtX
π Amazon https://amzn.to/4qmdqa5
π iHeart https://bit.ly/iheart-TTF
"Defeating Taxes" NOW Available on Amazon
www.defeatingtaxes.com
The HUB
www.teachingtaxflow.com/hub
βΈ»
EPISODE SPONSOR
Strategic Associates, LLC
Roger Roundy
http://www.linkedin.com/in/roger-roundy-86887b23
βΈ»
π§ Listen on your favorite podcast platform:
π Spotify https://bit.ly/3KdmtJL
π Apple Podcasts https://apple.co/3ZkyEtX
π Amazon https://amzn.to/4qmdqa5
π iHeart https://bit.ly/iheart-TTF
- (00:01) - Exploring Section 179 Tax Deduction with a Play-Doh Analogy
- (01:22) - Section 179 and Bonus Depreciation for Tax Flexibility
- (07:00) - Tax Rules, Inflation Indexing, and Santa's Bad List
- (09:12) - Understanding Section 179 Deductions for Business Assets
- (11:50) - Strategies for Reducing Tax Liability for High Earners
- (13:11) - Tax Deductions for Commercial Building Improvements
- (14:28) - Understanding Depreciation and Tax Deductions for Business Assets
- (17:17) - Exploring Tax Resources and Historical Anecdotes
- (18:59) - Understanding Financial Advice and Investment Services
