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Tax savings
2022 is the Final Year to Get 100% Bonus Depreciation. On January 1, 2023, the bonus depreciation rate will be changed to 80%, after that it will be phased out by 20% each year. The Tax Cuts & Jobs Act of 2017 (TCJA) was the most extensive tax code overhaul in three decades. Among the...
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If you aren’t using Cost Segregation, not only are you leaving a lot of money on the table every tax season, but you are doing your taxes wrong. Find out why! Are you a residential real estate investor? You’ve probably heard that a Cost Segregation Study can dramatically lower your tax obligation. But maybe you...
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Common Cost Segregation Questions: Depreciation. The concept of depreciation is crucial to your cost segregation strategy. Even if your property isn’t decreasing in value, you could qualify for a deduction. Q. How does cost segregation affect depreciation to help lower my business’s property taxes? A. The concept of depreciation is crucial to your cost segregation...
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