The Wealth and Freedom Nexus Podcast

WFN #064 – New Year, New Tax Laws! The Cost Seg King Yonah Weiss Returns


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Yonah Weiss is back!Β  If you missed his first appearance on Episode 12, be sure to check that out first!

If there is one constant, it is CHANGE and the tax code is always changing.Β  2022 was the LAST year to get 100% bonus depreciation, now in 2023 that has been dropped to 80% bonus depreciation.

So, what does that mean?Β  Yonah breaks down the changes and even with the challenges how there are even MORE beneficial treatments now in the tax code especially if you own short term rentals!

πŸ‘‰ Tip/Trivia – If you rent out your primary resident or vacation home for 14 days or LESS in a year, you do NOT have to pay ANY Federal Income taxes on it! Β 

Want to support the show?Β  πŸ‘‰ Buy me a coffee β˜• or become a Patreon member!


Helpful Resources:

Nerd Wallet Tax Calculator

Tax Law – 100% Depreciation

Yonah’s First Appearance episode 12

How to offset your W2 income with Short Term Rentals

How NOT to LEGALLY Save πŸ’° on Taxes!


Connect with Yonah

Weiss Advice Podcast

LinkedIn


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The Wealth and Freedom Nexus PodcastBy John Rickgarn

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